Saw this makes sense
DD VCAT
1) 4 wholly owned subsidiaries:
Cyberworks, Inc. - "in 1994 as an interactive marketing and design company serving the Hollywood entertainment industry. Its focus has expanded over the years to include corporate, governmental, non-profit and business-to-business clientele."
webinc. - "webinc. was formed to focus on incubating new companies in the areas of data networking, telecommunications and Internet enterprises."
Inland Entertainment - "known as the leading Indian gaming consultant and has employees with more than 100 years of combined experience in the gaming and financial industry."
Vegas at Home - "a Las Vegas virtual community offering one of the Web?s largest collection of free insider news, tips and other Vegas-related information."
2) Seed investments, as an incubator, in the following 6 companies:
Bullet Point News, Inc. - "created the first ever publication designed from the ground up to help reduce the "information overload" problem all busy professionals face. To accomplish this, Bullet Point News utilizes the best features of print and Internet media to deliver customized information to specific educational and vocational markets, through a unique mix of technological filtering and human editorial skill."
Companyfinance.com, Inc. - "is an Internet-based capital matching firm for lending institutions and middle-market borrowers, providing its services to borrowers without up front costs."
CraftClick.com - "is currently positioning itself as the ultimate virtual exchange catering to the needs of both buyers and sellers, and allowing them to interact on all commerce levels within a user-friendly environment."
Ultrexx.com - "develops "Rapid Application Development Tools" for knowledge-based development and distribution over the Internet, Intranets and other networks. In addition to Java expert systems development, Ultrexx also offers a host of Web application software, including CruXpert 2.0, Visual CruXpert and the Knowledge Banner, which enables a Web user to complete e-commerce transactions within a banner advertisement without ever leaving the original host Web site. Ultrexx.com shares trade on the OTCBB under the symbol ULTX."
Media Cycle, Inc. - "primary focus is to enable users to trade their old, unwanted CDs and replace them with new titles without any cash out of pocket."
KINeSYS - "designs, manufactures and distributes advanced body care products formulated specifically for athletes. The company's 13 products are the result of extensive research, development and testing among athletes, outdoor enthusiasts and sensitive-skin users, including active children."
3) VCAT has ongoing earnings and cash-flow. It doesn't matter that much of the earnings is from Native American resrvation gaming consulting - it earns money and produces excellent cashflow to feed the investments and pay the debt obligations.
4) VCAT has a decent Quick Ratio (2.93) - which means its cash flow is almost 3 times as much as its short term debt obligations.
5) VCAT's investments are not yet fully reflected in the book value. When some of their subsidiaries have IPOs or are bought out or have valuations that are reflected in VCAT's book value, then VCAT's price will go up if the price to book ratio stays somewhat constant. By the way, compare VCAT's price to book ratio to ICGE's - ICGE's is 64 versus VCAT's 7.
6) The chart looks like it is over sold. |
