Would You Dare to Invest in Western Capital Resources (WCRS)?

Cedar Creek Partners LLC, an investment management firm, published its fourth-quarter 2021 investor letter – a copy of which can be downloaded here. The fund recorded a quarterly portfolio return of 6.4% for the fourth quarter of 2021, outperforming the NASDAQ Index, which delivered an 8.3% return for the same period. The fund also outperformed the S&P 500 (SPY) Index’s 11.1% return but outperformed the Russell Micro Cap’s -2.7% return. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Cedar Creek Partners, in its Q4 2021 investor letter, mentioned Western Capital Resources, Inc. (NYSE: WCRS) and discussed its stance on the firm. Founded in 1951, Western Capital Resources, Inc. is an Omaha, Nebraska-based publicly traded holding company with a $66.4 million market capitalization, and is currently spearheaded by its CEO, John Quandahl. WCRS delivered a -3.31% return since the beginning of the year, while its 12-month returns are up by 4.29%. The stock closed at $7.30 per share on March 10, 2022.

Here is what Cedar Creek Partners has to say about Western Capital Resources, Inc. in its Q4 2021 investor letter:

“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.”

Pixabay/Public Domain

Our calculations show that Western Capital Resources, Inc. (NYSE: WCRS) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. Western Capital Resources, Inc. (NYSE: WCRS) delivered a -3.95% return in the past 3 months. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.