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(Stock issues dilute existing stockholders and reduce earnings per share).
At the same time, new stock issues have declined.
Both global and local banks are jostling to underwrite stock issues.
What is more, Qatar's most recent stock issues have not gone well.
Since the 1980s, average first-day gains on new stock issues have risen steadily.
Consider the myriad risk factors cited in prospectuses for new stock issues.
Look again at the negative share of stock issues in corporate funding.
In fact, there have been few stock issues brought to market this year.
New stock issues, he has found, are a perfect measurement of investor sentiment.
Smith Barney, for years HealthSouth's investment banker, also managed the initial Capstone offering, as well as four subsequent stock issues.
"It was a big bubble, with a lot of fraudulent dealings in stock issues and wild claims," Mr. Jenkins said.
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