mp,
relatively unnoticed, SFE has added 200-300 mm to NAV lately, w/ SCAI and CMPC runups making up most of it.
ICGE and USIT could now take SFE to $2B of NAV quite easily, and any gains from underlying companies should extend that. Therefore, I think, despite the ICGE delay, we are on the cusp of a small run in SFE. Also, CMGI has had a big rtun lately, and I haven;t done the #s to see what 2/3 of CMGI mkt cap looks like right now (your original, and I think accurate, measure). Be interesting to check that.
Also, relatively unnoticed Pac-West telecom is doing wuite well and could easily be in line for later this year. That will be a big home run for SFE. I think they'll wait till Pac West settles its PUC suit w/ Pac Bell and get the $50+ mm in revenue they've been withholding.
We need USIT and ICGE to get scheduled and priced!! Did anyone hear of a reason for the delay? |
