I've done well with NAVR, and DBCC, I watched MALL without participating much. The three you've mentioned seem most exciting: BNYN,KLOC,NAVR. I agree that WCAP is loaded with potential internet IPO's:
They own 1.7 million shares of COOL
They own Rowe.com, which I have no idea what is.
They own 1 million shares of IBCO, a beer company, whose stock has not performed too well.
They own 300,000 shares of NATL, a computer maker.
They own part of Vivid technologies (publicly traded?)
They own 141,000 shares of something called worldgate, which is allegedly a low cost competitor to WebTV. Can't find much aboout the details of Worldgate, either.
Importantly, though, is they have about 5 million shares outstanding. Not too impressed by the fundamentals, though. Some revenue, occasional profits. If anyone can embelish on what Rowe.com is, or Vivid or Worldgate, maybe we could have one here. Maybe a miniature CMGI?
Another one I've been eyeying is ELCO. THey announced the formation of Elco.com (geez, who'da guessed?) on Dec. 31. They make internet catalogues (?) , and are PC remarketers. Has the faint odor of MALL, with some basic differences. I guess the take home message could be that if ELCO transfers some of its internet revenues to ELCO.com, it could be a potential internet spin-off.
There's another on on the Toronto Stock Exchange (TSE) called BII, formerly known as "Internet Liquidators" which apparently is trying to get listed on the NASDAQ. Their new name is Bid.com. Sound enticing? Not really sure how to play any of these yet. Would welcome research by all the others here into these, as I've not had the time recently to do it.
BTW, I own none of these stocks yet. I had invested all my eggs into the DBCC basket, which worked rather well ( I know, prison is full of people seeing what they could get away with). I am now in an all cash position (except the long term stuff) and am looking for the next play. Kudos to this thread! |
