merchant banking licenseWhat is driving behind WCC is its merchant banking
license, which now worths three times as much as before because of growth in the equity market.
There is a group in Toronto who is trying to
accumulate a major position of stock before any major NR would come out. That's why there is always a constant buying when the stock price comes down. I heard that by the end of the year.
WCC would have 300 million worth of equity under its administration. It sounds credible to me since it made its last NR re going into merchant banking. Don't forget it could be one of Doug Mason's flag ship company. Doug had bought back of lot of shares last year at pennies if you go back and read last years NR.
WCC could turn out to be another Merril Lynch in a few years. Look what he has done to Lasik (LSK.V). It's going to be another blue chip company.