I’m in LA for meetings, including one at Google’s YouTube Hollywood headquarters tomorrow morning.
Meanwhile, let’s hit on some news.
For the second time since we bought the stock two years ago, Axogen is doing a secondary offering. At about $21 per share, Axogen is selling 700,000 shares themselves and one of their largest shareholders is locking in some profits by selling 1 million shares. This is a good move for the company, as they will put more cash on the balance sheet while their stock is up 500% in the last two years. You know I’ve trimmed some of this stock a few times since we bought it too. Steady as she goes for now.
Meanwhile, Verizon’s been hit along with the rest of the wireless operators after the Sprint/T-Mobile deal fell though. I’m likely to add a few more shares of this name next week.
I’ll be doing this week’s Live Q&A Chat at 4pm ET tomorrow in the chat room. (Not live streaming and not call in this week.)