Firsthand Technology Value Fund, Inc. (NASDAQ:SVVC)

CAPS Rating: 5 out of 5

Results 1 - 6 of 6

Recs

0
Member Avatar TMFDeej (99.29) Submitted: 8/29/2014 11:04:35 PM : Outperform Start Price: $22.91 SVVC Score: +11.51

The closed-end fund activist investor firm Bulldog Investors has sunk its teeth into Firsthand Technology, cajoling it to buy back shares and to sell a number of investments and pay out the proceeds to shareholders before the end of the year. This should help to reduce the significant 20% discount to NAV that the fund currently trades at . Kudos to Long Term Value for the idea.

Jason

Recs

0
Member Avatar stocksracer (48.44) Submitted: 9/13/2013 12:36:51 PM : Outperform Start Price: $23.96 SVVC Score: -11.65

Twitter (pre-IPO) is 11% of its total portfolio. This is sure to help this fund once Twitter comes on to the IPO market.

Recs

0
Member Avatar InvestingCmpound (< 20) Submitted: 7/22/2013 5:54:11 PM : Underperform Start Price: $19.95 SVVC Score: -9.81

This closed ended fund, classified as a common stock due to its Business Development Company status, is basically a hedge fund. It collects 2% on all AUM on top of 20% of any net realized gains.

The company's holdings as of 06/30/13 are approximately 40% equities and 60% cash. This means that the equities held by this closed ended fund will have to outperform the market by 250% just to track the benchmark, before management fees!

Arguments to own it are that it trades as a discount to its NAV. The reason it trades at a discount to its NAV is because the last time it traded at a premium, shareholders got crushed by equity dilution as the company raised its share count 150% just before the Facebook IPO flop.

Stay away!

Recs

0
Member Avatar bclear2 (< 20) Submitted: 4/23/2013 1:51:37 AM : Outperform Start Price: $18.35 SVVC Score: +11.26

undervalued BDC

Recs

0
Member Avatar operator00 (73.58) Submitted: 10/8/2012 11:51:08 PM : Outperform Start Price: $16.47 SVVC Score: +17.41

http://seekingalpha.com/article/911201-get-into-solarcity-and-twitter-before-their-ipos article on SVVC having SolarCity and Twitter shares while they are private companies Bullish

Recs

0
Member Avatar maverickpl (75.46) Submitted: 5/7/2012 2:50:11 PM : Outperform Start Price: $27.59 SVVC Score: -52.23

A facebook play. Owns 600,000 FB shares. Stock is trading around $28.

Results 1 - 6 of 6

Featured Broker Partners


Advertisement