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Technology Stocks : Point West Capital (PWCC)

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To: Glenn Petersen who wrote (77)2/25/1999 9:57:00 AM
From: RockyBalboa   of 345
 
Nice call...S-1 filed, DBCC, err, PWCC tanked.

C.

"Vrrooooo.."
>>>>>>>>>>>>>>>>>>>>


PWCC value.
by: DrDivine_4u
1470 of 1470
dhoot. There is an error in your calculus. You cannot add cash and the book value "twice". Hence wipe off $1.52 from the valuation. The cash is part of the book.

My alternate valuation is:

At $40, the value is $13.80.
Discounting for tax & liquidity reasons: -36% (thats common to holdings, like TSQD, former CCEE or WCAP, UIHIA, even taxfree
MALL.....).
yields: $8.832.
The book value applicable for the holdings of FLAS in PWCC =
1.78
Subtract this and you have
$6.05

Add: 6.65 entire book (note that PWCC lost money..)

Makes: $12.70 for PWCC at FLAS trading @40.
Makes $10+ for PWCC with FLAS @30...
Makes $18 for PWCC with FLAS @60..

Thats it, folks.


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