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Non-Tech : Venture Capital Stocks in Individual Investor
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To: John Arnopp who wrote (7)12/4/1997 11:41:00 PM
From: RavBruce  Read Replies (1) of 49
 
I spoke about Safeguard with an investment advisor who
I trust a lot. He has been a shareholder for many
years and goes each year to the annual meeting and has
met management. He thinks very highly of them and their
success at investing in future technologies.
BUT, he told me it has doubled and is near its all-time
high and he would not reccommend buying it hear.
They sell at 56X earnings which factors in a lot of growth
in the public ventures and some of the private ones as well.
If it pulls back, I will buy shares.
He recommended having 500 shares minimum in order to be
able to get the majority of rights offerings which have
minimums(1 share for 5 but 100 share minimum, etc.)
That is @$16000 which is a lot for a beginning position.
If you can't get the rights offerings, then it is for sure
not worth 56X earnings(at 20 or 25 maybe but not 50+). At less
than this type of investment it makes no sense.
Bruce
PS I am glad other people are joining in this thread!
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