Business
No Thanks On SWZ Rights Offering (NYSE:SWZ)
Dan Plettner focuses his qualitative investigative research methods on Closed-End Funds and other underfollowed securities. Dan Plettner was born in 1975 and has been investing since his teen years. After completing his undergraduate degree Magna Cum Laude from Miami University (Oxford, Ohio), he won the “NSD award” as a retail Financial Advisor at Morgan Stanley Dean Witter. Dan relocated to Morgan Stanley’s International Headquarters in Manhattan where he served as a Closed-End Fund Product Specialist until 2000 and then attained his MBA from New York University.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of SWZ either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
In addition to SWZ shares, I have rights of SWZ and theoretically I could myself oversubscribe at any ratio if my perspective were to change or if market demand from any origin or for any purpose caused the shares to rally in the coming days. I do not currently anticipate myself participating in the Rights Offering and instead would prefer to be closing my SWZ position, but it is important to be clear that my own actions will adapt to whatever develops.
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