SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : MSGI Marketing Services Group Inc.
MSGI 0.00010000.0%Mar 3 4:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Mark Peterson CPA who wrote (1953)8/29/1999 5:32:00 PM
From: posjim  Read Replies (1) of 3418
 
Mark,
Thanks for your virtual dream :)
Maybe this breakout from Prudentials and CMGIs Public Company Valuations released on August 25,1999 will help. This is from Figure 2 of a 5 page spread. It is in pdf Adobe so I have no idea how to post it.

MSGI Approx. Basis $5.375 price Aug 26 13.88.Year ago price $4.00.
1999 target MSGI $24.28
2000 target MSGI $33.99
2001 target MSGI $47.59
CMGI owns 2.31 million shares of MSGI=18.28% of MSGI
current value 32.204 million
Discount percentage 10%
est growth 40%
expected valuation 1999 $50.72 million
2000 $71.01 million
2001 $99.41 million
So, Paul Merenbloom of PRU used this with CMGI to come up with his strong buy rating on CMGI on AUG.25th

Mark, CMGI valuations are pretty hard to figure but that is the latest from one of the big guys :)

What's your take on this?

thanks,

posjim
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext