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Wenzel Downhole Tools Ltd T.WZL



TSX:WZL - Post by User

Bullboard Posts
Comment by hawkowlon Feb 12, 2007 10:51am
448 Views
Post# 12215822

RE: WZL Future

RE: WZL FutureShares got knocked down due to failed hostile takeover and after Oct.31 the abolishing of companies converting into trusts. Down turn in energy prices did not help either. The stock is oversold. Likely fair value closer to $2.25. Management has dissapointed. Not looking after shareholders interests. Even though converting into a trust is no longer an option.They do have strategies to increase shareholder value . For one thing I would like to see a quarterly dividend and an aggressive share buyback. Not likely to happen with the constant bickering going on between management and major shareholders. Anybody selling at these levels is desperate for cash or has no patience. Best option is to take company private.
Bullboard Posts