Last week, a Seeking Alpha contributor laid out the case why GSV Capital (GSVC) was materially undervalued relative to its NAV. We also believe the Firsthand Technology Value Fund (SVVC) has a tremendous amount of value to be unlocked at its current share price of $24.20. This closed end fund holds an increasingly valuable portfolio of Twitter (TWTR) and Facebook (FB) shares, along with a fortress of cash, and private securities that are almost free options at the current price. In total, SVVC shares are trading ~23% below our estimate of its current Net Asset Value (NAV) per share of $31.30.
According to some recently cited research from Morningstar, the...
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