Yes! Thank you Pharmaheeeeerooo for your excellent pumping skills - keep up the good work!!! Bought in at $.50 based on your pump, and will be in this one for a while. Will load up more if it retreats to $.50 - but we'll see. Nice call! Keep spreading the word!
They are not selling the shares, only exercising the options. I think it does bode well
Sentiment: Strong Buy
There has been a nice run in the share price lately - so there could be a 'sell the news' dip. If so, I'm with you on loading up...it's already ridiculously cheap by most measures. I doubt we see the dip though...even though 1 share sold after hours for $4.58 - I'm not sure how the manipulators work this stock.
Revenue numbers are very strong. Profitability numbers are better than expected excluding the goodwill impairment - and even better excluding other operating losses from GF. They need to move quickly on disposing of GF (or shutting it down) - doubt they will get much in a sale, but if they do - it's all upside from here. Kudos to management for the solid progress in fixing the business. (Also - Cash looks good considering they had to buy back shares from the 2015 acquisition.)
I'm a dummy and trimmed my position a little before earnings. I would love to see a dip tomorrow for my reload. The company is now hitting on all cylinders.
Except that they guided EBITDA at a $1 billion run rate in the second have of the year. The value to acquirer who can "synergize" the business is more than the valuations being batted about, as it always is when there are multiple bidders. This will end up well for longs thanks to Starboard.
I don't know...I've heard 'corporate inversions' have a lot of tax benefits, so...
Seems as though the combination of YJap and BABA shares could be done in a manner that wouldn't trigger an immediate tax bill to YHOO shareholders, and the total value to SFTB is well over $50/share. Can't imagine there is any national security problem with foreign ownership of YHOO...
Whoever knows the answers to these questions will be RICH
Starboard bought their YHOO position in 2014 in the high $30's...anyone who thinks they will settle for a break-up valued in the high $30's/low $40's ought to look at their track record...
Verizon is very motivated, but other parties are as well. There are many smart financial minds working overtime to comb through the true value of Yhoo. I believe packaging YJap and Yhoo will provide tax savings to Yhoo shareholders. There are a number of investment, IP, other on-line properties, real estate assets, etc. that are not currently being factored into the numbers. I believe the tax liability being batted around is somewhat overstated given a reported basis of almost $3 billion and a max 40% tax rate accrued on the books. I'm sure the financial engineers will even work around most of the tax bill on BABA. The quick math people are using page the value in the high $30's per share, but I think the final values will be well over $40 billion - with share value closer to the high $40's. Last time I thought that was VA - and the buy out price ended up at $57...purchased by a company worth $8 billion. The companies looking at YHOO are worth many, many times that.
How do you get $13bill in taxes on $30bill valuation less the cost basis?