Calpine Corp (CPN) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Calpine Corp (CPN)

CPN 15.25

0.0%

Mar 9 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Lynn who wrote (13)	8/8/2000 5:43:39 PM
From: fuzzymath	Read Replies (1) of 80

CPN was selling in that $69 range last week. It had been at 77 or so, then a couple weeks ago they announced they'd filed to sell new shares, and it dropped into a high 60s to low 70s range for a while. Then it shot up after the Credit Suisse reaffirmation of their strong buy. But, the $69 price would imply that either they sold it all before the Credit Suisse announcement, or that they made some deal with institutional investors? CPN had 127 Million shares outstanding as of March 31. They've tended to issue new shares fairly frequently, from what I can see in the WSJ charts. Four years ago there were only 42 Million shares. So, that's why Earnings per share has risen "just" 50% per year, while actual income has risen about 90% per year. I guess it's a formula that's worked well for them, so we can probably expect them to continue. They spend a lot of money on investment in new technology, it appears. I visited their web site: calpine.com . Kevin

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next