And those worried about a tax free spin of BABA shares should not worry--a high chance spin can be tax-free despite recent BS from Obama Treasury changing legislative rules via Treasury regulations--won't work.
With BABA stake at $30 B or more, liquid assets now a $7.5 B, Market is still valuing Yahoo core and Yahoo Japan at about zero at today's price of Yahoo stock. Glad Yahoo went back to old message board. Much better. However, Brain Dead BOD and MM best not mess up the sale --their last chance to show they are not entirely worthless. I don't like the long bidding process and clamp on news. Seems a strange way to sell.
I suspect BHP is looking at its growth options and POT could be on the list. Last time it bid $38 B but the government wouldn't go along. Things are different now and a bid at $35 (not over $140 as before) would likely make everyone happy including the Canadians.
SEC trace the short trades made as the rumor moved the stock higher and who had advance knowledge of the Indian potash sale--the crooks you will find. Its not someone like Martha Steward!
Gold will fly--QE all around and negative interest rates in U.S. England says no to continued taxpayer subsidies of the weak EU countries like Greece. Germany has a decision to make...The French will bail --what else would you expect? Banks on the line and they are all backing one another--could get bad over time.
They'll need more than that if over the longer term as others will also leave the EU to avoid shouldering ongoing taxpayer subsidies to Greece, Spain, Italy. How Germany goes alone??? Doubtful. Gold to $3,000 oz over 1 year time.
Easy to review unusual trades leading up to and day of story, track story and tie together the investment houses or hedge funds doing this. Alternatively, this could be for real but if not...
Liberal press and analysts will come out tomorrow touting the virtues of this deal. Stock will recover after hours loss and move higher. How do I know? I've watched this market closely to know it is not a free market anymore but held up by Fed buying--especially of stocks of companies the Administration favors.
Until Dems are out of office and their market manipulations and hand outs of taxpayer money to voter and donation friendly states, cites, groups, companies and voters that align with them.
Brain dead BOD being lead around by a stupid chick but politically correct all the way.
Never in the history of the U.S. pre-Obama have you had such coordinated action by governments to stop U.S. stock markets from falling, gold and oil from rising, keeping the worthless USD afloat! Incredible the Dems have eased free markets in the hope of staying in power! What abuse of power!
The longer they wait to close the sale, the more that can go wrong, like today's Circuit court case--plain and simple idiots with no reason to be running this business.
My guess is shareholders get the short end as MM buys yet other companies to keep her job and prove once and for all she has no skills, vision or talent as a CEO. Focus has been on sale but should really shift to post-core sale Yahoo and what it will then do.
Likely MM and BOD will #$%$ defeat for the Yahoo shareholders by taking way too long to close this deal. But then again what would you expect from them?
Fed manipulation of U.S. golds apparent as it has been since 2009-10. Crooked organization that is completely controlled by the Administration. Why not just come out and tell everyone what the price should be and what they are willing to do to peg it there?