I'm really curious about a recent news on IGDC, trading around .50-.60, saying that they have obtained an assesment of valuation from an independent company (Wilson Associates of San Francisco) giving a target price of $13-$16 per share. That sounds too good to be true - what gives?
There was no time frame given with the target...is it safe to assume they meant two years? How good are long range targets, anyway?
MM
Posted by Wallace#1 on :
quote:Originally posted by MrsM: I'm really curious about a recent news on IGDC, trading around .50-.60, saying that they have obtained an assesment of valuation from an independent company (Wilson Associates of San Francisco) giving a target price of $13-$16 per share. That sounds too good to be true - what gives?
There was no time frame given with the target...is it safe to assume they meant two years? How good are long range targets, anyway?
MM
Posted by Wallace#1 on :
The only thing independent about such reports is that the companies doing them not owned by the firm that hired them (IDGC). They have a "vested interest" in producing a favorable report...$$$$ and repeat business.
Ignore it.
[This message has been edited by Wallace#1 (edited March 28, 2004).]