i mentioned a while back on the thread that i had bought some WNMLA at 4.20...no one seemed to care, and i certainly don't blame them, as the stock often languishes for months or years, but i think it has the potential for a nice payoff, so i bought more recently at 3.76
with the BXL position, the cash as you mentioned, and positive earnings more often than not, the stock should be worth 6 bucks or more...perhaps the buyback will help it eventually achieve that level, though i think they would better serve the interests of whatever few investors still remain by instituting a dividend
in any event, it's less than 1% of my portfolio, and i probably won't add unless they do institute a dividend, or give us some indication that they indeed are going to become more proactive in making the stock more attractive to potential investors |
