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Technology Stocks : CMGI What is the latest news on this stock?
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To: StockDoc who wrote (14083)11/16/1999 6:48:00 PM
From: BeachCrunc  Read Replies (1) of 19700
 
The value of CMGI ownership to me is as follows:
**** Of the 100 shares I purchased in June (average price of $85; total cost $8,500) -- I was able to purchase 100 shares of engage at $16 in July and 100 shares of navi at 14 in October. Now engage is at $54.50 (gain of $38.50 per share; total gain of $3,850). Navisite is at $57.50 per share (gain of $43.50 per share; total gain of $4,350). This is a nice "dividend"; plus not taxable until I sell. There's probably another good IPO per quarter for a good while; plus Altravista. Although I own other stocks, like AOL, etc., I take the CMGI "dividends" into consideration as part of stock evaluation. CMGI just has a different business model - and unlike most VC funds, CMGI does a lot to build and leverage the companies (I don't think that they would bring a lemon to ipo; they would rework it first). The next 12 months will be good for CMGI; price should go up in anticipation of the altravista ipo.
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