Adios WAM Research

This listed investment company is a past mistake. After waiting 18 months to finesse an exit, the time has come to get out.

The string of positive recommendations on this listed investment company (LIC) through to 2010 were unforced errors. But rather than extricate ourselves in haste by selling an underpriced security, we’ve spent the past 18 months waiting for a better exit.

With the stock up 10% since WIL gets WAXed of 16 Dec 10 (Hold – $0.70) and 15% since the start of 2012, the door has opened and we’re going to walk through it.

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