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Strategies & Market Trends : Value Investing

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To: Carl Worth who wrote (22911)12/31/2005 3:54:48 PM
From: MCsweet  Read Replies (1) of 78748
 
WNMLA,

I have posted this before. WNMLA offers mutual funds with exorbitant fees that really have no reason to exist given other lower cost alternatives. Also, look at the performance of TUX. And look who is getting paid to run it. Considering they have several funds and investment companies, I think your $100K is too low.

In the past, they have let their stock price deteriorate to a level way below book value (and close to cash value I believe) without trying to do anything for their shareholders. A modest dividend or buyback was called for to keep the stock price near somewhat of a fair value.

I have no problem with delisting if you work in the shareholder's best interest. I'm not convinced they do.

I don't know these people personally, and I have not dug deeply into the company, but what I have seen so far is not encouraging.

MC
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