negatives: - directors perceived to be not trustworthy - court case with Bayan could go against WEC, or worse still drag on for years - coal prices depleted - institutions not wanting a bar of WEC
positives: - NTA at least 6 times shareprice - BCB Briquetting has potential - $90m - plenty of cash
what would I do: - share buyback at market. - pay special dividend to long suffering shareholders - start paying 5% yield on current shareprice - sell off all assets - wind up business
WEC Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held