OlemediaTiming Could Have Been Better I recently wrote about Albemarle stock (NYSE:ALB) on 3/4/2024, upgrading my rating to a Buy. This turned out to be horrible timing, as the company announced a convertible preferred share offering (ALB.PR.A) later that day. The initial offering size was indicated to be $1.75 billion, but it was later upsized to $2 billion. In both cases, the underwriters have an option to purchase an additional 15% of these preferreds. That $2.3 billion issue amounts to 13.7% of Albe ...