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Microcap & Penny Stocks : WCAP - Winfield Capital: Insider buying -- Ignore unavailable to you. Want to Upgrade?


To: michel petit who wrote (811)4/14/1999 11:03:00 AM
From: Tom Hua  Read Replies (2) | Respond to of 1305
 
WCAP seems to be fairly valued

Michel, why do you think so? can you show me your analysis? Remember this is not an operating company, it's a close end fund. The NAV can be easily calculated/estimated. WCAP's NAV is no more than the low teens. Before the recent mania, WCAP has always traded at a discount from its NAV. It's now trading at a premium of 5 times over NAV. I do not think it'll hold. It's going back to teens.

Regards,

Tom