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Investors Land OCLR Even Cheaper Than Its Secondary Stock Offering

Looking back to 20 days ago, Oclaro Inc. (NASD: OCLR) priced a 15,000,000 share secondary stock offering at $8.35 per share. Buyers in that offering made a considerable investment into the company, expecting that their investment would go up over the course of time. In trading on Tuesday, bargain hunters could buy shares of OCLR and achieve a cost basis 1.4% cheaper than those buyers, with shares changing hands as low as $8.23 per share.
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The public issue is expected to raise Rs 500 crore, according to sources
Russia and other key exporters outside OPEC have said they will also cut output
BSE's IPO of shares next week may raise as much as Rs 1,243 crore for its investors
The market is now looking at support in the 8,250-8,300 range and it is facing resistance at 8,450
When looking at fund returns, avoid looking at just the past 12 months' performance
Rise of 141% in international prices helped Coal India raise the rates of coking coal
The December exit of Chitra Ramkrishna seems to have hit the 'undo' button on this reshuffle
Trading in other derivative products in currency, commodities expected to begin soon
Malaysian palm oil futures on BMD were higher on Monday, helped by improving export demand and strong commodity prices due to tight supplies. Stronger Malaysian exports for the first half of January,
The 30-share Sensex ended at 27,288, up 50 points, or 0.18 per cent
Don't panic, capitalists! Communism will save you.
Sanjay Mookim remains positive on India and expects Sensex earnings to grow by 12-14% in FY18-19
Initiatives such as diversification into new businesses support the investment rationale
The sales of agri inputs have jumped by 10-15% this year on rising consumption from farmers
Swiss brokerage UBS joins European banking peer HSBC in shutting down its offshore derivative business
Swiss brokerage UBS joins European banking peer HSBC in shutting down its offshore derivative business
However, margins may not sustain amid rising competition and stable bond yields
Despite strong global cues, soy oil in Indore mandis ruled stable on slack and subdued demand with soy refined in Indore mandis being quoted at ?728-30, while soy solvent ruled at ?695-700. Compared
Small cardamom prices remained unchanged last week at auctions held in Kerala and Tamil Nadu. The matching demand and supply during the week has been attributed to the steady market trend. Harvest...
Impact of the cycle could be neutralised by positive Indian Ocean Dipole
The Aluminium futures contract traded on the Multi Commodity Exchange (MCX) jumped 5.8 per cent with good volume breaching a key long-term resistance at around ?120 last week. It closed at ?123.4 ...
Raising a child in the U.S. is an expensive proposition. Here's a way investors can benefit from the kid-spending-spree.
Investors with a short-term perspective can consider buying the stock of Zuari Global at current levels. The stock found support at around ?88 in mid-November 2016 and changed direction, triggered b.
Jain International Trading BV, a wholly owned subsidiary of Jain Irrigation Systems, plans to raise $200 million through unsecured senior notes, which will be certified green bonds. The issue will ha
HIL on Monday informed the exchanges that it has started commercial production at its dry mix-manufacturing facility at Jhajjar, Haryana, from Saturday. The new facility has an installed capacity of
Jupiter Capital Pvt Ltd has made an open offer to shareholders of TRC Financial Services to acquire up to 13 lakh shares, or 26 per cent, of the BSE-listed company. The open offer, made by Chartered
Can Fin Homes, Delta Corp, Havells India, Mastek and NIIT Technologies will consider their third quarter financial results on Tuesday. After LIC Housing Finance and Gruh Finance reported almost 20 p.
The further fund offer (FFO) of the CPSE Exchange Traded Fund will open on January 17 and close on January 20. The FFO is part of the governmentís disinvestment programme. The Centre plans to raise .
Eastern Treads has won a tender for supplying tyre retreading material to Karnataka State Road Transport Corp and Rajasthan State Road Transport Corp. The company bagged an order to supply 200 tonne.
Cholamandalam SecInfosys (Buy)CMP: ?955.70Target: ?1,1187In 3QFY17, Infosysí results were better than street expectation, largely on improved OPM performance. During the quarter, consolidated revenue
Rajivbhai Patel, Krunal Patel, Rushabh Patel and Indiraben Patel have made an open offer to the shareholders of Saptarishi Agro Industries. They plan to acquire up to 85.6 lakh shares, which represe.
The non-convertible debentures will have a face value of ?1,000 each
Outlook on the companyís same-store sales growth remains challenging

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