Ted, I found the segment on CMGI to be quite disturbing...the reported used a negative Robbie-Stephens Opinion that was dated and inaccurate.
I posted these on the CMGI board;
To: Guardian (6998 )
From: xclently Tuesday, Apr 13 1999 1:15PM ET
Reply # of 7004
Very slanted and distorted presentation of Asset Value of CMGI using old figures for holdings and estimated values from a pessimistic Robbie-Stephens report from "around a month ago"...said that CMGI was only worth between $53 and $150..but they did mention twice that a conference is taking place in NY now, and "we will have to see what they say there"
If the reported had done his homework, he would have noticed these movements since the Rob.Stevens "evaluation" (I was posting this when he came on with the "report")....
To: Guardian (6998 )
From: xclently Tuesday, Apr 13 1999 1:08PM ET
Reply # of 7004
CMGI--noticed that when you look at the charts or historical data, you barely notice the 10% swings that often occur within 2 hour timeframe. The low for the day is 300 around 12:27 and is bouncing off that low. While these "headfakes" do cause gastrointestinal distress, historically, they have not been significant...we have come quite far very fast again, as have the publicly traded entities that CMGI has an interest in.
CMGI traded as low as $163 on 3/24--now ~$308
MSGI traded between 7 1/2 and 8 1/4 on 3/24--now ~$50
LCOS traded between $86 and 91 7/8 on 3/24 -- now ~$102
GCTY traded between $94 and 102 on 3/24 -- now ~$135
CPTH traded between $45 and $78 on its' 1st day of trading on the open market, 3/29, now $127 with a high of $150...
Not bad for 12 trading days....how easily some of us are disappointed!
Adjusting for splits, the stock was trading between $19 and $25 week of 4/17/98
Analyst meeting going on in NY now....
Fianlly, perhaps he should read up on the conference : Their capabilities are unique and outstanding!
To: M CAHILL (7002 )
From: xclently Tuesday, Apr 13 1999 1:32PM ET
Reply # of 7004
There are some answers to that question here:>>>As of market close on April 12, 1999, CMGI's public holdings are valued at approximately $1.9 billion, and its return on investment (ROI) to date on those investments is approximately 4,800 percent. <<<
cmgi.com
The more you research CMGI, the more there is to like, long term. Short term, that is much more of a guess...
Ted, I didn't catch this reporter's name, and he did mention that the conference was taking place and he is attending and will update later...It just would have been nice if he had taken the time to update the report to account for pricing and "intangables"
Thanks for listening...
Peter |
