Stock Watcher, WCAP, is not an ordinary Company...
For example, last time I suggested you look at it, you found that earnings had gone down. But the assets had appreciated by some
$8 Millions, because it had sold a holding in a revenue producing Company and reinvested the proceeds in another start up.
The COOL shares alone are worth more than WCAP's entire market value. You can also check the Web sites of the various Companies in which it has substantial holdings, all potential spin off's: www.vividsemi.com; www.wgate.com; www.rowe.com; www.commerceone.com, etc... Besides that it also has an excellent loan portfolio, but now, rather than loaning money, WCAP takes equity positions in various Companies. While it's a time consuming Company to research because of its very structure, there is little doubt among investors in the know that it is the closest thing to CMGI before it took off. Also note insider trading and lack of hype from management. At a guess, I would say that the book value of WCAP is four time its current price and that is why I own a bunch of shares in it. Next comes a report on GTCI, an unbelievable potential play on China's internet and Y2K. Don't even smile, I am dead serious, as always. Regards, F. Goelo + + |
