By Ben Turney | Thursday 6 February 2014
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Why should placements automatically be discounted?
Shareholders in President Energy (PPC) might very well be asking themselves that very question this afternoon. Yesterday, President issued, what I thought was, a pretty bold statement of intent to raise money. Clearly the market disagrees with me and the stock is down 22%, as of writing.
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