[CANSLIM] question on secondary offering

From: "Mona Guarino" <webmaster@design21.com>
Subject: [CANSLIM] question on secondary offering
Date: Wed, 27 Mar 2002 17:01:47 -0800

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INVN priced 3M shares today in a secondary at $36.50. It had been trading
over $39.

AskIBD says that a public offering of additional shares is generally
positive for a stock. But also says that a stock offering increases the
number of shares outstanding, which decreases earnings per share. EPS is one
the main drivers of a stock's price. But on its own, an offering is not a
sell signal. It depends on how large the offering is and how investors react
to it. The company may have credible plans for the additional capital. If
your stock continues to act well, there's no reason to sell it.

I can't provide details at the moment on number of shares outstanding, etc
as I am having problems reaching the DGO site.

Wondering if someone would care to comment onf secondary offerings in
general or INVN in particular?

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