Until we get more info on the IPO. Little news on it like week before. I wish they announce the IPO date with the IPO price, this is when all the analysis and TV shows will start talking about it. CNNBC and JIm Cramer will restart this stock, until then it is stuck in a range.
I think if they are going to announce the IPO date, it would be Monday or Tuesday. This IPO will be the biggest business news of the Summer, if not the year. They just want press coverage of it.
But you are right, just like all last week, and into the weekend, no new news about the IPO.
Hard to find an article or even a talk in any business shows in the last 10 days. Don't believe me go to google and type in "Alibada IPO" and see your results and notice the dates on them.
Yahoo lets itself be acquired by Alibaba. They hate each other, but it is the logical best choice. Yahoo is a dying business. Alibabda has the money to rebrand yahoo. The core business is right now is valued at nothing. Yahoo has a lot of cash, they own 30 percent of yahoo japan, It would cost Alibada next to nothing. Yahoo shareholds would get a 20 percent premium to there shares, be converted over to alibada shares when they become public. Alibada would get there American presence, cost them next to nothing.
Everybody wins. The alternative yahoo gets a lot of money from IPO, buys grubhub, and does the slow death. Alibada takes a lot of money to get rid of yahoo.
LF has been down for 2 years, I don't think it is an issue though. They are charging higher prices and becoming more of a premium higher quality airliner. Save is the complete opposite.
LUV, UAL, AAL, and DAL are all to big now and wouldn't be allowed any more acquisitions.
I think JBLU and ALK would be a more likely acquisition.