Marketing quandaryMy sense is that Urbana has long wrestled with the question of how to market the story. You can argue that it should be simple: good record of stock picking, solid NAV per share growth, which sounds like good management, participation in key sectors (exchanges, banking, energy, "private" equity), plus, to top it off, sells at a massive discount to NAV per share. Oh, and vigorous pace of share buybacks at half NAV per share thereby driving even more NAV per share growth.
You'd think that would be enough. Yet there it trades at half NAV per share.
As I've suggested in the past, it might work better to present the story with the CSE at the centre. Urbana as the only publicly-traded doorway to participation in the CSE story?
I've also wondered if there could be a case for Urbana and the CSE someday to amalgamate. (It's possible there would be regulatory impediments.)
Thoughts.