Internet Capital Group Inc. (ICGE) Message Board

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Technology Stocks : Internet Capital Group Inc. (ICGE)

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To: livarot who wrote (4113)	3/9/2006 11:41:12 PM
From: EddieMacG	Read Replies (2) of 4187

I have owned, traded and followed ICGE for several years BUT consider ICGE as a CEF, rather than a GOOG or operating company ! Since many, if not most, equity CEF's sell at 12-16% discounts to their NAV's, ICGE seems just only slightly undervalued at 8.88 ( and I have been a modest buyer under 9 and a seller @ 9.50 ). If NAV is estimated @ $11, $8.88 represents a 19% discount. (I personally think that NAV @ 11 is a bit conservative evaluation of their book value by management (?) ) Do your own DUE DILIGENCE on ICGE, please ! I would be interested in any estimates from others of the ICGE portfolio value and NAV (and, if any, the rationale).

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