Canadian Solar: Opportunity in Multiple Contraction from Dilution - Jeffrey Mclarty

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Canadian Solar: Opportunity in Multiple Contraction from Dilution
Jul 17, 2008 08:16 PM UTC

Jeffrey Mclarty

Return	Risk
-36.58%	MID

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Symbol	Sentiment	Start	Return	Closed
CSIQ		07/17/08	-45.49%	--

Via Long Investment Ideas from Seeking Alpha:

Earlier this week Canadian Solar (CSIQ) increased the mid-range of their revenue guidance by 13%. Then, that same evening, they announced that they were diluting shares by offering 3.5 Million new ones at $34 each. A significant dilution. The shares surged, then have since pulled back - appropriately.

But take a look at this, the last four quarters earnings are, according to Yahoo Finance, in order:

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