Charles Wu wrote:
Without arguing the point, stock valuations are higher than cash because
of the added risk. If you look at the NextWeb purchase, which was 3x
revenue; a good portion of it was stock. At the time, Covad's stock was
$1.10; today it is $1.48.
But, minority stock in a privately held company (or even many "public" OTC
companies) is generally worthless
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