Auf eine konserative Anlage setzen und trotzdem große Chancen haben - und damit eine der wenigen Eier legenden Wollmilchsauen finden.
Over debt free and future-strategies (Not rated) 3-Mar-07 05:28 am from the last quarterly report, which show us, that Internet Capital is now a very conserative long-term-investment. That is an important reason, why every dip is a good occassion to buy.
Joseph Besecker - Emerald Asset Management
Couple of quick questions. Now, that you are debt-free, and you’ve removed that issue from the balance sheet, is there anything that you plan to do differently that you couldn’t do before?
Walter Buckley
I think, it feels good to be debt-free, and I think we felt that purchase of the bonds was a good outcome, overall. And that said, as we think about now having a very, very solid balance sheet and strong capital base, the four avenues we've been highlighting, deploying capital to existing companies whether they are for working capital or for M&A opportunities, number one. Number two, making new acquisitions; number three, improving our balance sheet, which we've certainly done over last two years, buying back $50 million of debt. And now number four, looking at either stock buybacks or distribution. The fourth one now really I think is on the table, as we really don’t have any restrictions and certainly will be a key factor in how we look at and analyze capital deployment. And so, I think that’s there is a change from our perspective.
Joseph Besecker - Emerald Asset Management
It certainly seems like there is a lot, and you've stated, there is a lot of opportunity for value recognition in 2007, and going forward, but with some of the more problem situations, are you planning to? And how do you plan to address those? And are you going to call some things out? How do you deal with the things and how do you plan to deal with things that aren't working all that well?
Walter Buckley
I think there are two things. By and large, I think across the board there is good growth. I think the only company that really didn’t see the growth we'd expect is Marketron. But other than that we are optimistic about the prospects for all remaining companies. And I think we've demonstrated where we see companies that are not taking that leadership position whether it was CreditTrade and merger in Creditex, or couple of years back into Metastorm. We will take companies that aren’t winning and try to find a proper partner for them to create really a leadership position, and we will do what we think makes sense. And if we can't do that, we will sell it.
Joseph Besecker - Emerald Asset Management
Okay.
Walter Buckley
And so really, from our perspective, time is very important, and then making the appropriate determination based on market circumstances.
Sentiment : Strong Buy
Over debt free and future-strategies (Not rated) 3-Mar-07 05:28 am from the last quarterly report, which show us, that Internet Capital is now a very conserative long-term-investment. That is an important reason, why every dip is a good occassion to buy.
Joseph Besecker - Emerald Asset Management
Couple of quick questions. Now, that you are debt-free, and you’ve removed that issue from the balance sheet, is there anything that you plan to do differently that you couldn’t do before?
Walter Buckley
I think, it feels good to be debt-free, and I think we felt that purchase of the bonds was a good outcome, overall. And that said, as we think about now having a very, very solid balance sheet and strong capital base, the four avenues we've been highlighting, deploying capital to existing companies whether they are for working capital or for M&A opportunities, number one. Number two, making new acquisitions; number three, improving our balance sheet, which we've certainly done over last two years, buying back $50 million of debt. And now number four, looking at either stock buybacks or distribution. The fourth one now really I think is on the table, as we really don’t have any restrictions and certainly will be a key factor in how we look at and analyze capital deployment. And so, I think that’s there is a change from our perspective.
Joseph Besecker - Emerald Asset Management
It certainly seems like there is a lot, and you've stated, there is a lot of opportunity for value recognition in 2007, and going forward, but with some of the more problem situations, are you planning to? And how do you plan to address those? And are you going to call some things out? How do you deal with the things and how do you plan to deal with things that aren't working all that well?
Walter Buckley
I think there are two things. By and large, I think across the board there is good growth. I think the only company that really didn’t see the growth we'd expect is Marketron. But other than that we are optimistic about the prospects for all remaining companies. And I think we've demonstrated where we see companies that are not taking that leadership position whether it was CreditTrade and merger in Creditex, or couple of years back into Metastorm. We will take companies that aren’t winning and try to find a proper partner for them to create really a leadership position, and we will do what we think makes sense. And if we can't do that, we will sell it.
Joseph Besecker - Emerald Asset Management
Okay.
Walter Buckley
And so really, from our perspective, time is very important, and then making the appropriate determination based on market circumstances.
Sentiment : Strong Buy
