Waterside Capital Corporation (WSCC) news stock charts
Waterside Capital Corporation (WSCC) Investment Summary:
Waterside Capital Corporation (the “Company”) began business operations in July 1996 after receiving its Small Business Administration (“SBA”) license and closing its initial private placement of Common Stock. The Company made its first portfolio investment in October 1996 and, as of June 30, 2002, has approximately $27.6 million in investments at fair value in 29 portfolio companies. The Company is a closed-end investment company licensed by the SBA as a small business investment company (an “SBIC”) under the Small Business Investment Act of 1958, as amended (the “SBA Act”). The Company invests in equity and debt securities of small businesses to finance their growth, expansion and modernization. Its equity investments have generally been in the form of preferred stock bearing current-pay dividends. The weighted average dividend on its preferred stock investments, at fair value, is currently 9.08%. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2002%2f09%2f27%2f0000916641-02-001554.html#FIS_BUSINESS"WATERSIDE CAPITAL CORP (WSCC:OTC)
Snapshot of WATERSIDE CAPITAL CORP (WSCC)
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OPEN
$0.68
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PREVIOUS CLOSE
$0.51
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DAY HIGH
$0.68
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DAY LOW
$0.33
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52 WEEK HIGH
10/15/09 - $1.23
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52 WEEK LOW
06/4/09 - $0.26
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MARKET CAP
622.6K
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AVERAGE VOLUME 10 D
1.3K
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EPS TTM
$0.03
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SHARES OUTSTANDING
1.9M
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WSCC Does Not Pay Dividends
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P/E TTM
10.8x
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| K = Thousands M = Millions B = Billions | ||
Key developments for WATERSIDE CAPITAL CORP (WSCC)
On January 7, 2010, Waterside Capital Corporation announced that its common stock would be delisted from the NASDAQ Stock Market. The Registrant's common stock was suspended on January 11, 2010, and has not traded on the NASDAQ Stock Market since that time. On March 9, 2010, NASDAQ filed a Form 25 with the Securities and Exchange Commission to complete the delisting. The delisting becomes effective on March 19, 2010, ten days after the Form 25 was filed.
On March 8, 2010, the NASDAQ Stock Market announced that it will delist the common stock of Waterside Capital Corporation. The companys stock was suspended on January 11, 2010 and has not traded on NASDAQ since that time. NASDAQ will file a Form 25 with the Securities and Exchange Commission to complete the delisting. The delisting becomes effective ten days after the Form 25 is filed.
Waterside Capital Corporation announced earnings results for the six months ended December 31, 2009. The company's net decrease in stockholders' equity resulting from operations, which includes net operating income plus realized and unrealized gains or losses on investments was $962,000 or a $0.50 loss per share for the six months ended December 31, 2009, compared to a decrease of $385,000 or a $0.20 loss per share for the six months ended December 31, 2008. The decrease in stockholders' equity resulting from operations at December 31, 2008 included a one time expense of $113,000 representing financing costs related to the $16.1 million refinancing of Waterside's SBA debentures. For the six months ended December 31, 2009, the company originated new investments of $417,000 and received proceeds from principal collected on notes receivable, loans, debt, and equity securities of $498,000. This compared to the company's funding of $517,000 in new investments for the six months ended December 31, 2008, and receiving proceeds from the sale of investments and principal collected on notes receivable and debt securities of $1,991,000. The net asset value of the common shares decreased to $2.29 per share at December 31, 2009 from the $3.63 reported at December 31, 2008. The decrease in net asset value was due to the above mentioned $962,000 decrease in stockholders' equity resulting from operations. The company reported total operating income of $673,000, net operating loss of $622,000 or $0.32 loss per share compared to total operating income of $983,000, net operating loss of $153,000 or $0.08 loss per share for the same period last year.
Waterside Capital Corporation financial resources
WSCC Competitors
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| No competitor information is available for WSCC. | |||
| Market data is delayed at least 15 minutes. | |||
Industry Analysis
| Valuation | WSCC | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.4x |
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| Price/Book | -- | Not Meaningful |
| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
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WSCC |
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WSCC transactions
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| No transactions in the last 6 months. | ||
More Recent Financial News About Waterside Capital Corporation
Waterside Capital to be Delisted from Nasdaq
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Waterside Capital Receives Delisting Determination Notice from NASDAQ
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WATERSIDE CAPITAL CORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Ex
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WATERSIDE CAPITAL CORP Files SEC form 8-K, Results of Operations and Financial Condition, Other Events
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WATERSIDE CAPITAL CORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Ex
Read article
WATERSIDE CAPITAL CORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Ex
Read article
WATERSIDE CAPITAL CORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Ex
Read article