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Microcap & Penny Stocks : WCAP - Winfield Capital: Insider buying
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To: Ferrell Wheeler who wrote ()3/26/1999 7:09:00 AM
From: astyanax  Read Replies (2) of 1305
 
WCAP skyrocketed 24.8% yesterday in extremely heavy trading
(260% of its normal volume). It closed at 19 3/16 after a
busy day on the stock message boards in wake of a somewhat positive
article by TheStreet.com comparing WCAP to CMGI.

( thestreet.com for subscribers)

WCAP hit a high of 25 1/2 earlier in the month. WCAP (Winfield Capital)
has large stakes in several Internet firms such as Cyberian
Outpost, Juno.com (which recently filed for IPO), WorldGate Communications and Mpath Interactive.

Here's my dumb question of the day (until I plow through their financials to figure it out). Why is WCAP's P/E ratio
so extraordinarily low relative to other VC's? Yesterday morning it was at less than 3.5 (now it's over 4 after yesterday's jump).

For example, I've been researching every VC with Net holdings that
people are suggesting may be the "next CMGI" and here's what I found
for P/E's:

CMOZ N/A
PWCC N/A
CMGI 125.8
BGF 19.2

If WCAP is "the next CMGI" (personally, I don't think there will
be another CMGI anytime soon), then it's absurdly cheap, a screaming buy. But there's gotta be a reason why it's so low, any thoughts? Are investors betting that the increase of their balance sheet equity in Cyberian Outpost will never be repeated? Another question. I'm quite confident Juno.com's IPO will be successful. Any thoughts of a possible short-term runup in WCAP until then and maybe a drop after the IPO hysteria subsides? Thanks for any insight.
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