CMGI What is the latest news on this stock? Message Board

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Technology Stocks : CMGI What is the latest news on this stock?

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To: sunny who wrote (12433)	8/9/1999 8:44:00 AM
From: Mark Peterson CPA	Read Replies (1) of 19700

Sunny, appreciate your diligent efforts to do what many analysts could not - attribute a value to CMGI by eyeballing each of its holdings. A comment regarding valuation that you probably already know. Any single share of a publicly traded stock represents the value of a non-controlling minority ownership interest. And when these shares trade on the market, whether as 100 lots or 10,000 share blocks, the value at which they trade is a non-controlling but liquid minority ownership interest. In those instances where CMGI owns more than a 50% ownership interest, a control premium is usually attached to those shares. Depending on the industry, control premiums vary but are routinely 33 - 48 % above the value of a single share of stock (or the minority, non-controlling interest). It would be proper to attach this premium to the entire holdings of majority owned businesses (as in the 83% ownership interest of ENGA) or to those holdings where the CMGI owned shares would have some indicia of control (like a swing vote premium). Mark A. Peterson

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