The market is going to be terrible. The last couple days ? with all the earnings warnings coming ? investor sentiment has been shot combined with the summer season.
The mindset has shifted from one of wild optimism to that of conservatism. The party is over and people are starting to sober up.
It's a good start in the sense that they're more subdued type of offerings, so less pure speculation is involved.
Energy companies have been the best performers in terms of new issues this year. This reflects a shift in investor sentiment, in what investors are looking for.
California's problems bring these deals even more to the forefront. There are headlines of the rising price of heating your house. This will help ATP in the sense that they are leveraged on natural gas.
Investors were looking for direction and Yahoo was the catalyst to make them more optimistic.
We are slowly awakening but are still a long way from recovering from last year's fall off. The Nasdaq has been up and that's a plus. But don't expect too much out of these offerings.
There is always going to be demand for electricity and the only problem [for Orion] is attracting consumers. This is not a high-risk type of venture like a software company.
The sector is doing well. But they're highly leveraged. There will be a decent premium, around 10-to-15 percent, but not a blockbuster.
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