Western Capital Resources, Inc. (WCRS)

[AgInAustin]

Some WCRS info from Cedar Creek's 2021 year end letter

https://static1.squarespace.com/static/5ea6570a0ba57d406203e048/t/61f9cf7a3d4ef81723c5b357/1643761530528/Q4+2021+Results+for+Cedar+Creek+Partners.pdf
===========
Western Capital Resources (WCRS) is another stock we have owned numerous times over the years. For a few years, it not only traded at a discount to book value, but also near its net cash, all the while paying a decent dividend. Its retail division, which direct markets roses, plants, seeds, holiday gifts and restoration products, did very well during COVID. The stock is around $7.50 with 9.1 million shares outstanding. Trailing twelve
month earnings were $1.08 per share. Book value was $8.20 per share as of September 30, 2021. Net cash was $5.07 per share. The company repurchased shares at $7 during the third quarter of 2021.
=========
from:

$WCRS - insider buys. Earnings are seasonal so TTM is a good measure. TTM EPS=1.09 up 30% from previous 12 months.
$5.5 cash&investments/share.
Book value=$8.31
Stock at $7.85
Little debt
share reduction
Pays dividend (1.3%)
Good management
Undervalued stock!

— FredZ (@AgInAustin1) November 16, 2021

$WCRS - insider buys. Earnings are seasonal so TTM is a good measure. TTM EPS=1.09 up 30% from previous 12 months.
$5.5 cash&investments/share.
Book value=$8.31
Stock at $7.85
Little debt
share reduction
Pays dividend (1.3%)
Good management
Undervalued stock!
===========

Good value investment