Update from Jeff Siegel Green Chip Stocks At the Denver conference, I actually had a chance to talk to a private equity guy I've known since 2005. He's a pretty serious player in the modern energy space, so whenever we get together, I pump him for information. What he told me this time around was pretty interesting.
We talked about Western Wind Energy Corp (TSX-V:WND). He's personally been following this one for years, so I was curious to know his thoughts on what he expected the company to go for when it's finally sold off to the highest bidder.
He didn't hesitate, and told me he didn't expect anything less than $3.00 a share, despite some trash talking from a group that's been trying to undermine the company's board for quite some time now. He said, as long as the current board remains, the company should fetch no less than $3.00, and could get as much as $4.00 to $4.50.
Now I don't know how this is going to pan out. But the stock is now up more than 31% since the start of the year. I personally have confidence in the current team. What they created from the ground up is truly remarkable, and their focus has always been on steady growth – not a few quick bucks that can often be demanded by those who have no interest in the long-term growth and sustainability of the company.
Jeff Siegel