At least they waited until the stock was at a 52 week high (almost) to raise equity. Now we know where the surplus CAD is going ... to pay distributions to the newly issued shares.GLTA.
I guess that explains the somber tone of the cc. I dont know why they feel the need to issue more shares though. They have a ton of $$$ available to them in the credit line (probably at a lower rate than the distribution). ..Probably getting some cash on hand for bonuses for a great year? They deserve it. Great run this stock has had this year! And to give to their companies for more growth. I am rambling at this point.
I'm disappointed they didn't announce it at the time of earnings report..
For the record, I am glad they did it at near a 52 week (multi-year) high. Always good to have some extra cash in case of a double dip.
I haven't been able to find any news about new shares? could you direct me to your source?
I received an email but IR but here is a PR:http://finance.yahoo.com/news/Compass-Diversified-Holdings-prnews-3926567722.html?x=0&.v=1