fabulouspoople- i'm not saying your right or wrong but in 2008-2009 i had over 40 banks that i was a shareholder in. when the market recovered the big-middle-& huge banks were dropping reserves for bad loans faster-faster-faster than you could imagine & i don't remember one complaint or anyone questioning their reductions! i don't know who does the accounting for uve but i'll bet (after all the bank situations & crits against accounting & rating firms) they now would be more conservative than ever! if i was uve i would have them (accounting & special reserve expert) issue a statement that they meet all conditions!
acropolis81-some of these negative x shareholders have good input but as one indicated "he is know expert on accounting"! okay- we agree on that but does he feel that a company in the field of insurance would buy shares if they were very-very concerned about the companies figures? would he but up $10 million of his money? does he realize that the company that gave $10 million might not be stupid enough to do so without having their accounting expert ( some what similar fields) review companies statistics?
guppy-if everybody that call someone a criminal goes to court-the case would be heard in 25 yrs or later! freedom of speech! why doesn't he just have his accounting firm ( hope its a very known one) verify the books?
i'm nice to people that just got $2 million in expenses -esp. if they pay the bar bill- until i realize i'm the one really paying it!
voxitis- coldones army wins-bid war is coming? how many times are you going to repeat yourself before you realize you are the coldone? okay- we will give you 20 repeats so your shrink believes you have a problem!
Madmaxtres2-agree eith you! Why should smith complain after joining the gravy train! does he know more than the biggest tax experts in the world? Does he know more than the bigest financial companies that are involved in acquisition weekly? Since yahoos shareholders are paying them a fortune why not join the crowd for his expenses & learn from the ones feeding yahoo the necessary info.!
pebble 16x-severance pkg. complaint by smith? HE SHOULD OF MADE THIS A" BIG" ISSUE A LONG-LONG-LONG TIME AGO & WITH A COPY TO THE "BIG" SLEEPING INVESTORS! THESE INVESTORS COULD OF SEND A "BIG" MESSAGE TO YAHOOS BOARD INDICATING THAT THEY WON'T APPROVE OF A BOARD THAT IS GOING BEYOND EXTREMES ALLOWING COMPENSATION PACKAGES FOR BOARD MEMBERS!
porgy- coldone surely wasted a lot of time predicting! he should of just said that yahoo would be sold without any months or years! finally he would of been right -hopefully!
dr.- i have a better one! yesterday! i was looking at the results for my major league team (& believe it or not) my team & the one they played traded their entire players to each other! i wonder if the mgrs. & coaches were also traded! team name on wrong team!
sdj4047- sorry but mm is not responsible for her ridiculous contract! number 1are the crazy yahoo board members that gave it to her! she couldn't give the contract to her self- even thou it looks like it since nobody can believe those people were in their right mind when signing off for a trainee that now needs to redo training! also-the goofball institutional managers that ignored one of their basic requirements when voting for the yahoo board members! that is to make sure they are not letting yahoo board members gorge shareholders with greed! they might not care about us but responsible to their investors! i have repeatedly indicated she didn't know what she was doing since day1- after her FIRST COUPLE acquisitions! at the same time- my hats off to her to get an overall contract by putting a pen in the hands of each of the sleeping board members! they gave her 3-5 times the avg. women overall income & many OF THOSE PEOPLE INCREASED "REVENUE" & PROFITS" TWO WORDS THAT YAHOO NEVER KNEW WHAT THEY MEANT!
mm-a trainee with no increase in revenue or profits during the past 4 yrs. could be making as much or more then yahoo! also- all the past & present expenses (spinoff-high profile executives-committees on top of committees-lawyers on top/bottom/side/rear end-acquisitions & programs that were buried etc etc.etc could have cost more than yahoo might make this yr.! SORRY-FORGOT A VERY SMALL EXPENSE YOU MUST ADD! CEO
could be very interesting! earning will be out after closing mon.! company past has shown "excellent" earning with substantial revenue-opposite yahoo & very low amount of shares & OVER 3% DIVIDEND! negatives- hurricane season-lots of business in florida-hedge fund felt company was playing with their statistic & bottom fell out! there will be a question & answer talk after the earnings which could be very-very-very interesting since it could answer many questions & IF-IF-IF believed (NO PROBLEM WITH BOOKS) along with very good earnings this stock could be over $30 in 2016! exceptionally underpriced now! bought when mgt .took over several yrs. ago at $6 & sold around $24.00 before the accusation about the books! & THE DROP FROM $28.00. this mgt. team is EXTREMELY aggressive & could have( in the neart future) 1 billion in sales with 35 million shares! ALSO THEY ARE EXPANDING
IN MANY-MANY-MANY STATES TO LOWER THEIR EXPOSURE FROM THE NOW HIGH LEVELS IN FLORIDA! JUST" REVIEW" MON. & SEE THEIR RESULTS! NO- I DON'T GO OUT & RECOMMEND STOCKS ON MANY BOARDS! IN THE PAST I GAVE 2 REC. WHICH HAD A SIZABLE INCREASE IN APPROX 1 MONTH & A COUPLE OF SHAREHOLDERS THANKED ME! THAT WAS THEIR CHRISTMAS PRESENT! try to find companies in the insurance field with their leverage & their past % increase in profits & revenue! wish you luck!
janerik 504-cramer took my favorite stock down from $42 to $5 & still advised everyone to sell! I didn't have one share! bought a ton & in one year & 3 months it was back to $40! at the same time the preferred div. OF THE SAME COMPANY NEVER was reduced & went to $6! bought a big load & 1 yr later it was back to $23! i ended up with the preferred shares having a 30% div.! yes 30%! jimmy kept tearing down that industry & i prayed every night for him to continue! I LOVE THAT GUY! EVERY DAY SOMEONE INDICATES THE MARKET WILL BE DOOMED & ICAHN IS NO EXCEPTION!
wear- i heard that the company that is buying the building informed their executives that if anyone finds any yahoo board papers( left over) indicating how to successfully acquire a company -IF READ -INSTEAD OF DESTROYED- WILL BE IMMEDIATELY FIRED! THEY DO NOT WANT TO CONTAMINATE THEIR EXECUTIVES!
ray-totally agree that mr smith is in it for the money & yahoo is now paying his expenses! it was already a known conclusion that the board was toast/yahoo had the best tax experts/the top financial firms on the sale (giving advice for yrs to the top firms) far beyond starboards expertise!
Sdj4047- your opinion is your opinion & not very smart! if your very smart list all the prior expenses yahoo has paid for with no-no-no addn't profits or revenue! don't forget over 40 acquisitions-you know the cost of each-each-each? spinoffs that they are still paying legal firms for- after getting the o.k.for it! the garbage collectors have the final gold o.k. Letter with their other trash! programs that were here & gone before you could shake whatever! highly priced executives that left or leaving that see the handwriting on the wall of being replaced & status lowered! now starboard has more expertise than the highest cost tax experts & financial experts that shareholders are paying for etc.-etc.etc! why not cave in- even thou all analyst state yahoos board is out- & get their expenses paid by you! Don't worry-only up to 2 million! The other experts make that by the minutes!
pebble 16x-starboard HAD yahoos board running into each other getting the sale done in order to avoid being removed! even mm stressed the fact that she was even rapidly moving in that direction which is a further indication how much pressure was building on them! they wanted this completed before any chance of being removed! IF STARBOARD DOESN'T COMPLETE THIS BEFORE THE END OF MAY THEN THEY DIDN'T ACCOMPLISH NOTHING EXCEPT TO BE ANOTHER COMMITTEE ON TOP OF ALL THE OTHER COMMITTEES /FINANCIAL COS.& TAX EXPERTS& NOW STARBOARD MADE A COOL 2MILLION! I SAID BEFORE IF YAHOOS SHAREHOLDERS WERE TOLD WHAT THE EXPENSES AMOUNTED TO- THEY WOULD DIE OF SHOCK!
just my opinion but by starboard not controlling the board (& removing them) was a show of weakness! also- it will further delay immediate action that yahoos board was exposed to by knowing they were in the 11th hour! who knows now what starboards real intentions are since they held a hammer & now just one link in a chain of forever delays! THE REAL JOKE OF A COMPANY CONTINUES WITH JUST ANOTHER ADDED CONCERN!