The clown short bashers are out, must be good news
You mean, it is worth more than -$6
I think Yahoo would sail upwards if there wasn't the Alibaba doubt hanging over the company. The worry is that Jack Ma does something fishy again or that Yahoo! never gets to see an Alibaba IPO. Once clarity (and specifics) are announced about an IPO for AG or a cash out of some of Yahoo!s stock in AG at a reasonable valuation, those doubts should be removed and Yahoo! can really make new highs. Until then, buy...so long as you trust Alibaba will come around. Pesronally, I think a tax-free asset swap isn't a good idea--it's too complicated; plus, the corp tax rate is going to come down no matter who is elected in Nov.