Stock Watcher, there should be more room to go for WCAP...
I have sold, as a matter of investment discipline 1/2 my holding in WCAP already for a very tidy profit, since I bought at $9 5/8.
However, with COOL climbing up and all the other pending IPO's, plus the fact that yesterday the total outstanding (not the float) shares of WCAP turned over twice, putting a base on the shares of $20+, I am expecting the shares to go another 50%+ from that base to over $30.00, eventually.
At $9.62/share, the shares had a PE ratio of just over 2, based on the trailing 9 months earnings of $4.58/share (to the best of my recollection). At $30.00, the PE is still only 6.5, which would seem quite low to me.
Remember, the idea is to identify undervalued stocks. In my opinion, WCAP and XNET, for that matter are still way undervalued.
Regards, F. Goelo + + +
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