Dime Trader
CFA, long/short equity, macro

Urbana Corp: Buying $1.00 For $0.55

Urbana Corp (OTC:URNAF) is a Canadian investment fund with holdings in the financial services sector. The fund also trades on the TSX under URB and URB.A. I track Urbana's holdings, share repurchases and NAV each week on this Google Docs spreadsheet, which updates values of URB's public holdings in real time.

There are a lot of things to like about Urbana as compared to other funds. First, it is managed in a completely transparent manner, with complete holdings being updated on a weekly basis which allows for easy valuation. Compare this to other funds which show only the top holdings on a quarterly basis!

Second, the company and its manager, Tom Caldwell, are open to shareholder communication...

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