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The Curious Case Of A Dark Company
www.alphaletter.co

The Curious Case Of A Dark Company

Alpha Letter
May 18
6
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The Curious Case Of A Dark Company
www.alphaletter.co

I’ve slowly been buying a small little company called Western Capital Resources (WCRS). The stock was very cheap and also very illiquid. It would go days without trading. Despite the illiquid nature of the stock it traded for 1.0x free cash flow.

Today the stock dropped 15%. I started buying more. There was volume. And it was even cheaper. With a stock p…

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