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Microcap & Penny Stocks : WCAP - Winfield Capital: Insider buying

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To: Tom Hua who wrote (875)4/19/1999 2:57:00 PM
From: Top Jim  Read Replies (1) of 1305
 
Tom,
As a SBIC, WCAP does not incur any long term capital gains taxes.

Their reported gains are still slightly below actual even with the COOL devaluation. I don't know how WCAP will treat this on their upcoming earnings report but I cannot get to the $1.50 loss.

The point I was making about COOL's 45+ price is that $10 EPS is not out of the question but would require a recovery in COOL's price and/or some fully recognized gains in addition to the 4 IPOs this spring.

Regards,
TJ
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