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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: cautious who wrote (86378)	3/3/2000 1:59:00 PM
From: Lane Hall-Witt	Respond to of 120523

WCAP This stock is slumbering, but it shouldn't be. It's an Internet and high-tech incubator that is currently trading below book value. That's right: it's currently below book. Its portfolio includes 10 publicly traded companies (CMRC and INSP among them) and 17 private technology companies. Two of the private companies have registered to go public: Eprise and ScreamingMedia. A recent addition to WCAP's portfolio is etang.com, which is an Internet portal serving mainland China (look at CHINA, PCNTF, KOREA and today's China IPOs -- ASIA, UTSI -- to see how big this could be). Last quarter, WCAP had net income of $16.75 per share (due mostly to paper gains on publicly traded holdings). If the quarter ended today, WCAP would have net income of about $1 per share, due again to gains in the public portfolio. Eprise was tentatively scheduled to IPO in March, and this would add substantially to the quarterly gains, if it gets off. But they're still working on their S-1/A, so it may drag on until next quarter. I don't know why the market is so down on this stock, but it seems the ideal time to accumulate for a position trade that targets the forthcoming IPOs and the Street's "discovery" of etang.com and other companies that will pop when they come public. Here's a link to more extensive DD: Message 13017975