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Technology Stocks : Internet Capital Group Inc. (ICGE)
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To: EddieMacG who wrote (4118)3/22/2006 12:35:24 AM
From: livarot   of 4187
 
I just checked the CEF Association.

It looks like about 20% of domestic equity funds sell at a discounts of 12% or greater. About 40% sell at NAV or at a premium. Of course, the NAV of a CEF is calculated from shares which themselves are valued at several times book.

If ICGE is a CEF, let's give it three times book and a premium! $35/share.

I don't know how to value ICGE, but the balance sheet says they made a lot of money last year. If they do it again, they may finally get some respect.
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