WCAP - Winfield Capital: Insider buying 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.

Microcap & Penny Stocks : WCAP - Winfield Capital: Insider buying

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Top Jim who wrote (1107)	10/13/1999 1:16:00 AM
From: Marconi	Read Replies (2) of 1305

Hello Top Jim: WCAP is now a closed end fund. It should be priced at a discount to net assets. I expect the quarterly report in the next few weeks to indicate the marking down of assets compared to previous quarters. WCAP's 'income' is capital gains recognized under closed end fund reporting rules. The income reported is not from operations, or loan activity. The source of much of the unreal gains has been the Internet bubble, which is getting stale in bubble time. WCAP's deal flow has dried to a trickle the last several quarters. The fund's small amount of money does not make them a significant player in moving IPO's to swap for the investing public's cash. Rather than any material growth in deals or deal flow, I think WCAP will be doing well if the current assets hold up for a year or more, which is properly valued at closer to $5 per share than $17. Why not sell WCAP and buy the underlying equities for a poor man's arbitrage for a dozen points? Best regards, m

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next