wow, so many d umb amateurs in this stock, then again not surprising. Look up Palo Alto Network - IPO in July 2012, secondary follow on offering in Oct 2012. Yes, in 3 months time frame. No one said it is certainty, but it is considered when a stock flies off the handle like this. This would be a way to make up for the underpricing of the IPO.
Is there something about GPRO cameras that is so amazing that the likes of Canon can't replicate? I mean, it is terrific stuff GPRO has, but why can't these hi tech companies replicate?
OMG, you are so full of baloney, it is unbelievable. CAsh vs stock? for the target, it is typically cash they seek - just google that damn thing - you claim to be a pro??? Cash deals offer flexibility for the acquired. Whatever baloney about hedging you talk about can be done the same thing with cash and you can do whatever the heck you want with cash period. Why is this even a matter of debate with you suggest you are an amateur. Quit being a corporate finance wannabe. Google stock vs cash deals, dumb f.
terrible analysis, that is so dumb it is unbelievable. Given a choice of stock or cash, Open shareholders will take cash. ANY REASONABLE investor would. You can replicate your own portfolio with cash, you can do whatever you want to do with cash. Heck, you can buy PCLN with cash too. And if you know nothing about tax-free re-org and you should just keep your mouth shut. You not going to explain tax-free re-org in one or two sentences, you think corporate tax code are that simple?? The market voted on this deal today, and it su cked. How else do you explain 3% drop if it was so great for PCLN today. And furthermore, Opentable was a hedge fund favorite, they ran the stock up a few times and PCLN end up paying for it now. Makes no sense. And I'm even a shareholder of PCLN, so saying it the way I'm seeing it.
dumbo, a corporate finance wannabe - what kind of argument is that? prevent issuing shares to buy back at higher levels? like right now? when it is actually lower? and if you are opentable, you want cash because you know something about this deal that probably won't sit well with investors... you clueless to think opentable would prefer shares instead, who the heck wants to lower the deal value with a dropping stock? and these tax-free transactions are way more complicated than how you are painting it to be - there are many factors that determine that. Stay out of corporate finance, you are a numbskull. Back to school, fool.
that tells you one thing. This deal su cked. And that their deal makers su cked. The stock is down more than cash value so that means investors don't think opendung adds anything positive to valuation of PCLN.
don't need to overspend, just put a reservation website, how much more difficult can it be to build a reservation system? they have the resources in house already. Bad deal and I'm a shareholder.
funds are dressing up their mid year and month end holdings and probably adding apple which is helping the indices. Probably early next week will see weakness.
good post, although one can argue those catalysts are old news now. I do like your calender of events that might impact stocks, hmmm...maybe an idea for stock website? you got something.
no Chinese company can ever buy a US internet company, that would never pass muster with US congress. So strike that wish off your list.
Your knowledge of Chinese techs is lacking. Tencent is trading around 25x PE, that is not expensive, it went down like 30% in past few months though. HK valuations for tech companies is horrible. And the reason why Alibaba is listing in US stock exchange is because it is more lax than HK, yes, more lax. If Alibaba had a preference, it would be HK, but the exchange balked at how Alibaba wants to do its shareholder structure which the US exchange accepted. So you should really get your facts straight. Having said that, there is no doubt that Chinese companies in US do get a lot of scrutiny, but valuations is richer in US than in HK, and the exchange requirements is more lax in US than in HK.
u must be insane, the only value in yahoo is the potential proceed from alibaba holding. The street is valuing the rest of yahoo assets as zilch or even less than zilch. How can you say she done such a great job if the street is not giving any value to operating side of the business?
no way an IPO of $300 million is enough. GS will need to run this thing up in a year or two, so a secondary is feasible otherwise how is WB going to compete in this space against likes of cash rich Tencent?
no, not in this situation of a carve-out. The only new shares distributed are the IPO shares to the public. Shareholders of Sina hold Weibo indirectly via their shares of Sina. As oppose to say, Weibo shares distributed to Sina's shareholders so that holders of Sina become defacto IPO shareholders of Weibo. Nope, Sina wanted to raise money in this IPO for Weibo so they chose a carve out instead.