Category Archives: Mario Gabelli

WMF AG – Hidden Champion part 3 – Potential catalyst and Private Company Valuation

After part 1 and part 2 I had concluded the following:

–> from a pure Asset perspective, the Stock seems currently fairly valued
–> from an EPV perspective, one could assume an upside of 25-43% if one assumes constant cash flows going forward based on 2010 results

So overall, the upside is there but certainly not “super exciting”, so why bother ? Maybe the reasons are to be found in what i would call more the “qualitative” angle ?
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