| Business Summary | | Waterside
Capital
Corporation
is
a
closed-end
investment
company
licensed
by
the
Small
Business
Administration
(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.
Waterside's
equity
investments
have
generally
been
in
the
form
of
preferred
stock
bearing
current-pay
dividends.
The
Company
has
invested,
and
expects
to
continue
investing,
in
a
wide
range
of
businesses,
from
technology
companies
to
manufacturing
and
service
firms.
It
has
approximately
$35.9
million
in
investments
in
25
portfolio
companies. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Waterside
Capital
Corp.
is
a
closed-end
investment
company
licensed
by
the
SBA
as
a
small
business
investment
company.
The
Company
invests
in
equity
and
debt
securities
of
small
businesses
to
finance
their
growth,
expansion
and
modernization.
For
the
nine
months
ended
3/31/01,
total
revenues
rose
5%
to
$3.2
million.
Net
loss
totaled
$3.6
million
vs.
an
income
of
$3.7
million.
Results
reflect
growth
in
the
investment
portfolio,
offset
by
increased
investment
depreciation. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
1,065;
after
tax
earnings
were
-1,214. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Peter Meredith, Jr., 48 Chairman | -- | J. Alan Lindauer, 61 Pres,
CEO | $185K | Gerald McDonald, 53 CFO,
Sec., Treasurer | 142K | James Long, 41 VP
and Bus. Devel. Officer | -- | Robert Louthan, 39 VP | -- | Dollar
amounts are as of 30-June-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|