MARKETS SPECTATOR: Accept or Reject?

The Reject Shop plans to sell $10 million of stock to individual investors and there are several reasons the price looks attractive.

Few stocks have attracted such a fund manager following as discount retailer The Reject Shop. The company sold $30 million of shares to institutional investors at $16.20 a share. On Wednesday, April 24, the day after the share sale, the stock surged $1.30, or 7.8 per cent, to $18.02. Next week, individual investors will receive documents from the company that will enable them to each buy up to $15,000 of Reject Shop stock at the same price institutional shares could buy the shares. 


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

Related Articles