Sorry, but in the situation when Bluechips has been falling like a stones and a companies like GE is 50% off its highs, NOBODY cares about one small company trading one buck under the net asset value. Many better and more healthy companies were taken down and are trading also under net asset value at unbelievable prices. What means net asset value on this market BTW? Market in toilet. Who will be buying IPOS?
Thanks got I got out arround 11,5 after 5 years of holding. Despite I leked this company.
Right now it is like $1.50 under NAV, which is a very large percentage at this price. Unless there is a write-off or writedown coming this is a great opportunity if you have any $ left (which I don't).
Between the performance of their 60 million in short term treasuries and the possible increase in value in some of the portfolio companies (like Nantero), I can see a goose to NAV.
In this market it doesn't seem to matter as the bluest of blue chips are getting crushed.
Last figure I saw for net asset value was $5.85 so at $4.15 you've got $1.70. The worry is that the market may drop more and you could see TINY at $3.90 or $3.35 or whatever. Who knows where the bottom is?
Neither McCain nor Obama is economically inspiring. But if Obama kills the Bush tax cuts and raises corporate taxes, a recovery could take years rather than months.