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Controlled Greed: Portfolio Picks Average +4.6% in Q1 of 2007

By GeoffGannon on Mon, 2007-04-02 10:44
(via www.controlledgreed.com)

John Bethel reviews the performance of the Controlled Greed portfolio for the first quarter of 2007. Overall, the group was up 4.6% vs. the S&P being up about 0.2% for Q1 of '07.

bingopitts on Mon, 2007-04-02 19:12
Title: efficent market at its best?

Last Dec WLT spun off about 86 mill shares of MWA class B stock. Last May WLT craved out 25 mill shares of MWA in an IPO at 16.00

Today, MWA goes fot 13.56 and MWA/B goes for 13.25.

Both have identical rights EXCEPT that MWA/b has 8 votes to 1 for MWA.

By all rights, MWA/B is the superior stock of the two. It has 8 times the voting power with more liquidity.

Since both shares have been trading, MWA trades more shares, and is priced higher than MWA/B.

I know there still might be post spin selling in MWA/B. But this does not explain why anybody would buy MWA over MWA/B. But that has been the case so far.

So far the efficent market is losing.