posted
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
Posts: 3 | From: Cheyenne, WY USA | Registered: Mar 2004
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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?
posted
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).]
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