= Internet Capital with a market-cap of only 365 million last Friday. Internet Capital is free of debt and has cash/securities of about 180 million. If you subtract this 180 million from the market-cap of 365 million = 185 million for a lot of ownerships of valuable private hold companies. The proportional revenues of this private hold companies of Internet Capital in 2008 will be about 200 million. That are only a little bit lower than 1-times-revenues. The average of tech-stocks in S+P500 = 5.5-times-revenues - therefore we have an undervalue by Internet Capital of 4.5-times-revenues = 900 million.
The fair value of Internet Capital = 1,265 million, the market-cap of yesterday is only 365 million. In the result: You can tripple your money in the next 12-18 month.