efficent market at its best?

bingopitts — Mon, 02 Apr 2007 19:12:50 -0400

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.

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

Geoff — Mon, 02 Apr 2007 10:44:40 -0400

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.

Value Investing News - Controlled Greed: Portfolio Picks Average +4.6% in Q1 of 2007 - Comments

efficent market at its best?

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