A simple update on the IRS situation. You silence speaks volumes, as you haven't a clue what you are doing. A total failure as CEO
Yahoo Market Cap $40.05
Yahoo share of Baba $ $35.38
Difference of $4.67B positive
Cash on hand $7B
Difference of $2.33 negative
Core growth ~$1B a year in cash
Difference of $3.33B negative
Worst case of YJ! $4B
Negative value on Melissa watch: $7.5B or ball park of $6 a share.
We have seen this math. Any purchase by Melissa would drive it down 3x the value of the purchase. No way she makes any moves. Bright Roll, Flurry, and Tumblr are damage enough.
If the IRS does not sign off, then this is toast, as we saw last week.
Where has Goldman been? Even better question, where has Melissa been? SPEAK UP
Wall St right now labels Melissa as a $7.B liability, slash failure. That is truly amazing.
$49.64 is book value for the scrap heap. Give it a 10% premium and you get to $55.
It is clear you are way in over your head. Start by updating shareholders of your plan, not the daily habit non-sense, but your "stewardship" of capital. You have destroyed shareholder value, but personally made a fortune. Start acting like a CEO.
This CEO can not and should not be in this place. She is a tech person leading a hedge fund. It is not different than Goldman Sachs firing Blankenfien and dropping some coder from FB in as CEO.
Accountability and shareholder value. Those a few areas a CEO should be strong in....MM is failing miserably.
It is a real amazing accomplishment. Mindbending how bad she is and the BOD remains asleep at the wheel, while she is overseeing $45B worth of assets. But hey, look at how beautiful Tumblr and the weather app is.
Is this a fact? Why would we be forced to purchases shares of SpinCo? I want yahoo shares.
In reality she is a CEO of a hedge fund. What a bad mix and how irresponsible BOD is for letting her destroy value.
Today yahoo is a hedge fund, and not a tech company.
Sure we will be able to choose. When PFE spun off the animal pharma, you had the option to keep PFE or a mix or the new company
So that is the real gray area. What if there is arbitrage. Does the price reset happen with no shares owned?
Because I don't want SpinCo. Is this why there is such a delta in share price?
The only answer is getting rid a of techy who thinks she is a business person. Rule #1, have a person with business acumen lead you through these M&A's and tax problems, not Melissa. Melissa just loves MAVENS and beautiful looking app's.
#2. don't buy anymore companies Melissa
What is the market cap you come up with for the $4.81 a share?? I think you math would generate a negative number. The math you provide makes no logical sense?
Yahoo is so far behind the price, it is getting ridiculous and scary.