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

CAPS Rating: 5 out of 5

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Member Avatar stocksracer (73.51) Submitted: 9/13/2013 12:36:51 PM : Outperform Start Price: $23.96 SVVC Score: -23.94

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: $19.95 SVVC Score: +4.58

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: $18.35 SVVC Score: -4.37

undervalued BDC

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Member Avatar operator00 (78.90) Submitted: 10/8/2012 11:51:08 PM : Outperform Start Price: $16.47 SVVC Score: +0.08

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 (73.85) Submitted: 5/7/2012 2:50:11 PM : Outperform Start Price: $27.59 SVVC Score: -63.56

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

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