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Technology Stocks : CMGI What is the latest news on this stock?
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To: David R. Doerr who wrote (503)5/21/1998 5:46:00 PM
From: jtechkid  Read Replies (2) of 19700
 
GREAT SHORT-this stock is disgustingly overvalued. its a holding company for technology stocks. add up the assets or holding and discount it by 20%. thats the real value. the have 312, 000,000 million in lcos . thats it. the word is geocities value could be around 250million. this is the only substantial holding the company has that will bring value in the next six months. cmgi has 30 million in cash and burns around 5 million a month. this comes out to around 562 million in assets plus i'll give it another 100 million in their other assets. this comes out to a holding company around 662 million. if you put a 20% discount its around 500 million in assets at current price. cmgi market cap is around 1billion dollers. also, this is assuming lcos stays up here and doesn't take a hit like it has been. also, this is assuming the ipo market is strong and they can bring geocities public. i owned cmgi not to long ago when you bought it under its liquid break up. people buying up here are completely nuts . its funny insiders have been blowing out since around 30 all the way up. everything great is already built in the stock. if lcos or geocities does not turn out that well this stock is done. good luck
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