FSR continues to ride the wave of GSV Capital (GSVC) as we believe the Twitter IPO will prove successful. We also favor private equity over the general stock market. This gives the small investor a way to invest in private equity. While this issue has had a big run-up lately we are looking for a target price of $18 - $20 before we consider selling.
FSR continues to regard AAPL as undervalued based on its strong fundamentals. We reiterate our BUY rating and fair price of $600.