Winland’s swan song?
by It will fluctuate
I’ve been buying Winland Electronics (WELX), a tiny company that’s been loosing money for many years, because it sells for 84% of NCAV (the last 10-Q shows current assets of $3.26m, 60% of which are cash, minus total liabilities of $572k), and has two activists on the board who will try a turnaround, and maybe a sale.
Winland might well perish soon, in which case the turnaround effort will prove to have been the company’s swan song. But the risk/reward is attractive.
I stole the idea from Whooper.