SI
SI
discoversearch

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.
Strategies & Market Trends : Value Investing

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Paul Senior who wrote (26630)4/22/2007 2:34:17 AM
From: Carl Worth  Read Replies (2) of 78802
 
well i don't have unlimited capital like you do <g>

i can see the sum of the parts being worth 7 or 8 bucks, i just don't know that anyone is going to want to pay much more than 5 bucks for those assets when they are tied up in a pink sheet stock of a company that loses money more often than not of late

WNMLA used to generate some pretty nice profits from its trading portfolio, but lately it has shown only losses...that may improve for Q4 of 2006 due to the rebound of BXL, but all that does is make up for some of the losses in the first three quarters

the mutual fund part of the business makes a few hundred thousand bucks a year after taxes

as such, you have a very low ROE on some cheap assets until some point when BXL does something with their cash, and/or their trading portfolio starts to do something positive again

JMHO as always

p.s. by the way, what happened to TUX? it isn't even listed on yahoo quotes anymore, did it go private as well?
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext