Mad2,
Great news on EB World. Seems they are starting to ink some deals to drive eyeballs. They now have 2 gaming portals and AOL driving traffic. Personally, I would like EB World to join forces with other shopping sites like AMZN, COOL, Cybermall, etc to link into those fearless consumers venturing into cyberspace w/credit cards in hand. Also, these deals are usually revenue-sharing and will not impact expenses but rather gross margins. JMHO.
OT, Pseudo is part-owned by WCAP (Winfield Capital). They are a publicly traded VC firm that has taken 11 companies public in the last 18 months, 10 in the past 10 months. Besides Pseudo, they have over 15 other private placements in the hopper. Their public portfolio includes CMRC, COOL, ROWE, ESTM, BLSW, HEAR, IBUY, WGAT, JWEB and PNVN. Prio, another holding, was just acquired by INSP. The details on this transaction have not been announced yet. Current Market Cap for WCAP is about 20% over public portfolio NAV. CMGI & IGCE are valued at 10-50x book. Earnings this quarter ending 12/31 are over $8 so far. They just got listed on the Nasdaq Ntnl Market but no coverage yet. The stock price is ~$30, up from $1 two years ago and $7 last year. If you haven't noticed, I am extremely bullish on WCAP as a LT hold.
Looking for ELBO to be $45 in 12 months, WCAP $100-$150.
Regards,
TJ |
