Internet Capital Group Inc. (ICGE) Message Board

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Technology Stocks : Internet Capital Group Inc. (ICGE)

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To: bob dole who wrote (276)	8/17/1999 5:18:00 PM
From: still learning	Read Replies (1) of 4187

Well P/B isn't as interesting when you don't have visibility into how they're carrying the assets. And P/S is virtually meaningless with both companies, unless you want them selling pout of every IPO immiadately (as quickly as is feasible) to generate revenues. They don't really show much revenue until they have cap gains. The more interesting querstion is -- how do we best value them both? The float is an important point, but you also have to remember that most of the remaining shares are held by VC/insider type investors, which means most of them won't rush out and sell even when they are able to. I'd like to see more publicly held ICGE companies to better assess the value of their pipeline. OTOH look at this CMGI/ICGE: ROA 8.64/28.12 ROE 15.94/24.23 Profit margin 38%/548% All of this simply says it's hard to decide if these are similar companies in different stages of development, or very different companies entirely. I do think ICGE has a very strong mgmt team, with Sam Jadallah as a great hire. Buckley and Fox are also significant. Aside: Not everyone is high on ICGE. The red herring story (if you saw it) was very negative. though I also felt it was misleading, dinging the ICGE mgmt because, it said, ICGE execs came from "industry" and not "VC" backgrounds. Now SFE is about as much a VC company as you can find, and they were noted as one of the "industries" where ICGE execs originated. I am currently holding the shares I have (though I did try to buy some early on after the IPO and was unable to). This is not a huge position for me and I only hold a few hundred shares, so I can afford to wait and see what happens At higher prices than these I'll need to reassess but for now am hanging tough.

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