XPO | Con-way Inc. Announces Common Stock Offering

the questions we should be asking ourselves are.......are we doing this to raise cash? and what are we going to do with this cash? also since we will now have to pay dividends on these new shares how will it dilute any perceived profit?
 
[quote author=bhenning link=topic=80098.msg829602#msg829602 date=1273800068]
[quote author=bigfoot077 link=topic=80098.msg829499#msg829499 date=1273773117]
[quote author=zipstir link=topic=80098.msg829220#msg829220 date=1273701493]
http://finance.yahoo.com/news/Conway-Inc-Announces-Common-prnews-288945372.html?x=0&.v=1
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Is that why our stock price is tanking today?
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Probably.....

Kinda what I expected to happen today when I saw this last night.

Have you bought any of the "new" stock?
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I don't buy Conway stock. To volatile.
 
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