Small stocks are dead, bob. I hate to admit it, but that is the "new era" not SFE's price (which, BTW, is at an historic 78% premium to NAV, or only 58% if you count VERT at the expected # shares, which I will officially add when we get some kind of "official" confirmation of the number in SFE's actual portfolio).
Either way, I was a little amazed at how high the premium was after SFE's fall, and the market's general strength lately. However, NM cum ETV is still "underperforming" (the nice way to say it) as are CMPC, FCGI, and SCAI.
Value is dead. You read it here first.*
--John
*Probably not, but history will only remember the quote, not the footnote. |
