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

CAPS Rating: 4 out of 5

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Member Avatar TMFDeej (99.22) Submitted: 8/29/2014 11:04:35 PM : Outperform Start Price: $17.64 SVVC Score: +4.40

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

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Member Avatar stocksracer (36.33) Submitted: 9/13/2013 12:36:51 PM : Outperform Start Price: $18.44 SVVC Score: -19.65

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

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Member Avatar InvestingCmpound (< 20) Submitted: 7/22/2013 5:54:11 PM : Underperform Start Price: $15.35 SVVC Score: -1.45

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!

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Member Avatar bclear2 (< 20) Submitted: 4/23/2013 1:51:37 AM : Outperform Start Price: $14.12 SVVC Score: +2.21

undervalued BDC

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Member Avatar operator00 (52.43) Submitted: 10/8/2012 11:51:08 PM : Outperform Start Price: $12.68 SVVC Score: +7.59

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

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Member Avatar maverickpl (79.82) Submitted: 5/7/2012 2:50:11 PM : Outperform Start Price: $21.24 SVVC Score: -61.40

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

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