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Lincoln Financial: Recent offering brightens picture

A Buy rating has been generated in these circles for Lincoln Financial (NYSE: LNC), but there are qualifiers.

The value story? Lincoln, a financial management and life insurance company, appears to be stabilizing. Liquidity and capitalization concerns have been reduced as a result of Lincoln's recent 40-million-share, $15 per share offering. Further, chatter regarding a probable exercise of a greenshoe option of up to six million shares adds to the improving LNC story.

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Last updated: May 27, 2012: 08:37 AM

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