GSV Capital (GSVC) Sees Continued Upside On Facebook Investment
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GSV Capital Corp (Nasdaq: GSVC) is continuing its momentum run after announcing yesterday it bought 225,000 shares of Facebook at an average price of $29.28 per share.
Shares are up 6.7 percent this morning after rising 42 percent Monday.
Bulls will point to the fact that the company got in on the hottest privately-held company in the world at at good price. The latest transaction in the stock was at $35, which gives the company a 19% paper gain. It is also expected that Facebook will be worth a log more once it is public, which is expected next year.
Bears will point to the fact that the total Facebook investment was only $6.6 million, yet the market value of the company went up $17.4 million.
Shares are up 6.7 percent this morning after rising 42 percent Monday.
Bulls will point to the fact that the company got in on the hottest privately-held company in the world at at good price. The latest transaction in the stock was at $35, which gives the company a 19% paper gain. It is also expected that Facebook will be worth a log more once it is public, which is expected next year.
Bears will point to the fact that the total Facebook investment was only $6.6 million, yet the market value of the company went up $17.4 million.
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