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Yehuda Fruchter » Comments » WSDT.PK

  • WisdomTree: Riding the ETF Wave  [View article]
    BTW, company just sold equity to institutional investors at $3 per share. Wonder how on earth anyone is buying this at $8. Defies any logic.
    Dec 22 10:04 am |Rating: 0 0 |Link to Comment
  • WisdomTree: Riding the ETF Wave  [View article]
    Quick facts: Michael Steinhardt invested in WSDT at $0.16 per share in late 2004, at a post-market valuation of about $14 million. He is now up 4,800% in less than two years, turning a $9 million investment into over $450 million. FYI, Jeremy Siegel is in at $1.30.

    You can get the press release here: www.wisdomtreeinvestme...-$9-Million-Financing....

    Without getting into the seemingly insane valuation, just looking at the above prices, I venture to guess that anyone who is buying now is a bit late to this game. But congrats to those who bought lower and to the insiders. This is an unbelievable example of how capitalism magically creates massive wealth out of thin air.
    Dec 12 20:50 pm |Rating: 0 0 |Link to Comment
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