Today, Fool.com analysts Brenton Flynn and David Williamson look at Rigel's 8% plunge today following the company's second share offering, which resulted in a 20% dilution and $130 million raised.
David points out that although the company has been burning through cash lately, investors can rest easy knowing that this second offering is probably the last for some time, as the company is now cash-rich and has no debt.
If you're looking for something different, check out our new free report, "The Motley Fool's Top Stock for 2012." In it, our chief investment officer identifies his favorite company for the year. To access the report before the rest of the market catches on, click here -- it's absolutely free.
Brenton Flynn, Dave Williamson, and The Motley Fool have no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.