I have written about Urbana Corporation (TSE: URB, TSE:URB.A) several times. Below is an embedded copy of a spreadsheet that I maintain each week, tracking the changes in URB’s holdings. When the markets are open, the spreadsheet updates in real time. Please leave any comments below.
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I have written about Urbana Corp (TSE: URB and TSE: URB.A) several times, and Saj Karsan wrote about it here. The short story is that this is an investment company with holdings comprised of stock exchanges and other financial companies. The bulk of the company’s assets (by value) are publicly traded, so therefore easily valued. Unlike many of the companies I feature on this site, an investor doesn’t need to question whether the inventory should be written down, or . . . Dean over at Petty Cash has produced some nice graphs showing Urbana Corp’s (URB) (URB.A) NAV versus price (for each share class) over time. Pretty interesting stuff, and worth a read for anyone that was interested in my write-up here, here or here. Check out the charts here. Also, on a side note, URB investment portfolio manager Tom Caldwell as purchased another million shares (at a premium to today’s price… just sayin’): Thomas S. Caldwell (“TSC”) . . . Last week I featured Urbana Corp (URB) (URB.A) in a post related to the spread between Urbana’s two share classes which differ only in relation to voting rights. I concluded that the magnitude of the spread seemed not to be justified. In a recent study, Paul Schultz and Sophia Shive looked at all similar instances from 1993 to 2006 (there were 100 companies): This is the first paper to examine the microstructure of how mispricing is created and resolved. . . . I recently profiled Urbana Corp (URB.A) (URB) here. The CEO of Urbana recently released his annual letter and it is worth a read: In regard to Urbana’s share price, the environment of the past three years was further exacerbated by a few major Fund holders of the “A” shares becoming sellers in order to match their own fund redemptions. The nature of this selling tended to be in larger blocks directed straight into the market. The resulting discount of Urbana’s share . . . |
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