Markets give secondary offerings remarkably warm reception

04/9/2009 | Wall Street Journal, The

In a unique new development, the capital markets are rewarding companies, including Kimco Realty, that dilute the interests of existing shareholders by using secondary offerings to strengthen their balance sheets. The chief investment strategist at Zacks Investment Research, Charles Rotblut, says these companies "are being rewarded for just being able to raise cash."

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Wall Street Journal, The

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