Case Name :      Carmanah Technologies Corporation

Authors :           Walid Busaba, Zeigham Khokher, Ken Mark

Source :             Ivey Publishing

Case ID :            909N13

Discipline :        Finance

Case Length :    13 pages

Solution Sample availability : YES

Plagiarism : NO (100% Original work)

An analyst at an investment firm is considering an investment in Carmanah Technologies Corporation (Carmanah). Carmanah is a fast-growing player in the high-powered alternative energy products. Since 2007, when the new chief executive officer (CEO) took over, a turnaround effort has been in place at Carmanah. At $0.91 per share, Carmanah’s shares were trading at just 23 per cent of their value in mid-2007. The analyst is scheduled to make a recommendation on Carmanah to his managing director in two days. He needs to get to work valuing the company on the basis of the information he has gathered.