DilutionThroughout the past few months I have read many reports concerned about short term dilution affecting long term growth. Expectations seemed to be that more shares would need to be issued, while in oversold territory, in order to keep creditors satisfied as interest rates rise.
My expectation now is that Well's strong cash inflows and the return of share buybacks will prove to the market that short term dilution is simply not a concern; the market has this company pegged as much higher risk than it actually is. Well is far less leveraged than the majority of it's competitors, but still manages to outpace the industry's average growth by a wide margin.
Thoughts?