I hate to say this but I just sold for a small profit. I'm off to Eurpoe for awile and don't want the buyout to be on my mind. Good luck to all of you longs on this, now that I'm gone perhaps your luck will change.
I really think a close over 38.20 will be a great sign
Analyst downgrades Yahoo ahead of possible 'sell the news' scenario The shares of Yahoo (YHOO) are falling after SunTrust downgraded the stock, warning that investors could "sell on the news" after Yahoo's core business is sold. SELL ON THE NEWS: There are several reasons why investors could sell on the news of a sale of Yahoo's core business, according to SunTrust's Robert Peck, who downgraded the stock to Neutral from Buy. Given a recent report by Re/Code that the acquirer of the core business could have to pay Mozilla $375M annually through 2019, the price of the deal "could be pressured" and the transaction "may carry many contingencies," Peck stated. These contingencies, which would relate to "large contracts that Yahoo has with a number of key partners," could be unacceptable to Yahoo's board, the analyst stated. Despite his reservations about the transaction, Peck still expects the deal to generate about $6B for Yahoo. Following the sale of its core business, Yahoo will probably look to sell its Yahoo! Japan shares, Peck wrote. Japan's Softbank (SFTBF) would seem to be the natural buyer of these shares, but given its recent efforts to reduce its debt, the Japanese telecom company may not be interested in such a deal, the analyst warned. Consequently, Yahoo will more likely either distribute the shares to its shareholders, sell them on the open market in Japan, or sell them "in a coordinated manner" in Japan, according to Peck. In all of these cases, the transaction may be taxable, he stated. On a positive note, Peck says that unloading the Yahoo! Japan shares would pave the way for Yahoo to unlock the "substantially higher" value of its Alibaba (BABA) shares by selling them to Alibaba itself. But, noting that Softbank recently sold its shares in Alibaba back to that company at a 10% discount, Peck says that Yahoo would probably have to accept a similar discount. Among the reasons for that conclusion are that Yahoo holds 14 times more shares than Softbank did
Open Outcrier @OpenOutcrier 10m10 minutes ago
** $YHOO July 38 Calls active all day with over 11k trading, looks like a buyer has been bidding for a few thousand over last few mins
see recode article just out...I think
Under Mayer deal, Mozilla could walk away and still get more than $1 billion if it doesn’t like Yahoo’s buyer
It looks like a roll from Jul 38 C to Aug 39 C. They all went off at the same time
I agree with your assessment for lack of follow thru. Mizuho downgrade is the reason for lack of it. Mizuho could easily be a shill for someone trying to buy it lower tho. Just a thought.
So Mizuho Securities has a buy on SWKS for who knows how long and now that we're on the lows they downgrade to neutral? Who pays these guys and where do I apply for that job?