TSXV Companies and Woulfe I posted a few days ago that of the 434 companies on the TSXV Composite Index of 28 September 2012, Woulfe was 86th in market cap and I commented that Woulfe would easily make the next Venture Select Index and had a legitimate shot at slipping into the Venture 30 Index. The point being made was that the large majority of TSXV companies have taken a huge hit into the red in 2012, yet Woulfe has advanced in market cap better than most of them and nearly doubled.
Since that post I have done more digging. Of the 85 companies that were listed ahead of Woulfe on the September 2012 Composite Index, only 11 have outperformed Woulfe in 2012 (gone up a higher percentage than Woulfe since January 1, 2012). Another 5 performed equal with Woulfe and the remaining 69 were all out-performed by Woulfe. One would really need to be a glass half empty kind of person to be complaining about Woulfe in 2012. FYI, the 11 that outperformed Woulfe are: AOI, SSL, GQC, PTA, RGX, EM, AYA, GSV, BTI, LVL, TVE. The 5 with an equal performance are MMT, PML, FO, MEI, TRA. Like I say, all 69 of the others listed ahead of Woulfe on the last Composite Index were outperformed by Woulfe and most of them by a very wide margin. In the 25 Composite Index companies listed immediately below Woulfe, only 7 were able to avoid a decrease in value and only one of those outperformed Woulfe in growth (namely APO).
Woulfe has accomplished all this in 2012 in circumstances where its real lift-off is yet to happen. When the financing is completed, Woulfe will leave all but a handful of these TSXV companies in the dust. That is exactly what Dundee thinks as well. My belief is Woulfe will graduate from the TSXV to the TSX some time in 2014 (after the December 2013 production starts). This past week Woulfe is just retracing. It may retrace another penny or two, but that is of no concern to me. It will bounce back even without the financing news. Then when the financing news comes, this stock is going to fly. Any further retracing dips this week are just buying opportunities.