| An SI Board Since December 1999 |
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It is becoming more and more difficult these days to find an internet incubator that has yet to be discovered by analyst or individual investors. In the past few days we have seen companies such as MAWI which have been undiscovered rise over 3x in just a matter of days as word spread of their involvement in the internet.
Another company that has yet to be discovered in this arena is CNV (CVF Technologies). The company is using the same business model as CMGI and Safeguard Scientific did upon their emergence into the internet incubator area. The company is a holding company that develops and manages early stage and start-up companies with a primary focus in e-commerce companies.
The stock has a float of just 2.9 million shares and is trading for just 1x sales which is unheard of for internet stocks. The stock does have 1 analyst covering the company who has a $34 price target on the company by 2004 and expects 0.15 in earnings for 2000 against a loss of 0.38 in 1999. The analyst also says that the break-up value as of September was 10-12 per share and at least five of CVS's companies are on the verge of generating significant revenue and cash flow.
In the first 9 months of 1999 the company's revenues have increased 196% to $11,897,979 against $4,014,769 in 1998. With a market cap of just 18.5 million dollars this stock has room to fly and looks very interesting as a internet company that has yet to be discovered. Witness MAWI in past week (6 to 19)
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