On July 8, Bill Simpson wrote an analysis of Limco-Piedmont (LIMC). Limco-Piedmont's offering priced late Wednesday, July 18, at $11. In midday trading, the shares gained $2.45, or 22.3 percent, to $13.45. The company expected the offering to price between $9.50 and $11.50 per share, and boosted the size of the IPO, bringing the total offering to 4.4 million shares, from 4 million shares. On Friday the shares closed at $13.88.
The text of Mr. Simpson's original writeup follows:
