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Technology Stocks : Internet Capital Group Inc. (ICGE)
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To: im a survivor who wrote (3740)6/27/2004 2:00:23 PM
From: tktrimbath  Read Replies (1) of 4187
 
I haven't read as being over negative as much as justifiably exasperated. Patience is especially difficult for companies with uncommon business models. Because there is so little precedent it is difficult to properly assess the business. Unfortunately the only true test is actions over a long time. I don't get to attend the stockholder's meeting for ICG like I do for firms in my neighborhood (Seattle). They are a good opportunity to evaluate management and like you've noticed, management is key to holding companies.

Here's my bit of optimism: If they really wanted to milk the company for their own short term benefit, they would have done so by now and the company wouldn't be around. I can't see why they would have managed the debt so well unless they were in it for the long term. Also, it seems to me that operating ICG successfully could make them far more money than simply scavanging its assets. Those assets are so undervalued right now that building them up and getting them properly valued should get reflected in the stock price. If that happens my portfolio will improve and I imagine theirs will improve a hundred or thousand-fold.

But there is no knowing, there is a lot to gain relative to the potential losses.
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