WCAP 's 685,146 shares of CMRC went up $5 3/16 today added over $3M in value to WCAP. WCAP looks like a good backdoor way to own CMRC.
WCAP 's 685,146 CMRC shares are worth $4 a share. From what I see you get the remainder of WCAP 's public stock holdings for about $1 a share....and all of WCAP investment in private companies for free...(minus debt) sounds good to me, so I'm in for a few shares. See winfieldcapital.com for list of Portfolio holdings
per yahoo posting,
BLSW.........57,170
COOL.....1,454,855
CPST....... 112,500
EPRS........127,323
ESTM........141,341
HEAR........227,273
IBUY...........47,000
INSP............52,836
JWEB.........261,846
PNVNQ......100,768
ROWE.......153,676
SCRM........145,182
SYNQ..........40,300
USWE.......333,333
Total valuation for public holdings ......approximately...$32,159,100 as of 1/21/2001 a $7 million dollar discount to WCAP's market cap. I haven't studied the SEC filings, but any thoughts on why WCAP trades at such a discount to the value of their investments? |
