Numerous Sectors All Rolled Into One
The dream of every investor is that of buying a stock for pennies on the dollar. Why conform to one stock alone? Why don’t you buy five or six stocks for pennies on the dollar? This is exactly what you get when you buy shares of Future Vest (Pink Sheets: FRVT). Future Vest is a venture investment company which uses a dual faceted strategy to acquire and nurture profitable companies for the benefit of its shareholders. When we think of Future Vest, visions of the legendary internet boom behemoth CMGI come to mind. You certainly remember CMGI don't you?
Back in the internet boom of the late 1990's CMGI was one of the darlings of the investing community. CMGI was generally called a "stock incubator" because the company was in the business of investing in other companies and helping them grow. CMGI made its name and most of its profits by investing in a number of "dot-com" companies such as Lycos, GeoCities, and Alta Vista. As these companies expanded, CMGI expanded too. At one point, CMGI had a market cap of $40 billion and a split adjusted price of $4,000 per share! Those values, as is natural, changed a lot following the bursting of the internet bubble. CMGI lived and died with the fortunes of the internet. The company even now exists, even though it now has a different name and a much smaller market cap.
