Whassamadda witchyou ?? You short ---- or tall?
Amedisys reported impressive second-quarter financial results with the top and the bottom line surpassing the respective Zacks Consensus Estimate and improving on a year-over-year basis as well. In Home Health, the company continued to generate strong organic growth in Medicare and non-Medicare revenues. We are also upbeat about the company’s initiative to drive organic growth as well as its search for strategically fit merger and acquisition activities. The company’s declaration about its ongoing restructuring program expected to be cost neutral, also raises investors’ optimism.
Currently, the stock carries a Zacks Rank #1 (Strong Buy). Some other well-placed medical stocks are AAC Holdings, Inc. AAC, Chemed Corp. CHE and DaVita HealthCare Partners Inc. DVA. While AAC holds the same Zacks Rank as Amedisys, the other two stocks carry a Zacks Rank #2 (Buy).
In the highly unlikely event Yahoo’s Alibaba stake was fully taxable, we estimate Yahoo’s sum-of-the-parts value at $46 a share.
While Yahoo’s core business remains challenged, we see a significant margin of safety in shares. Marked-to-market, Yahoo’s Alibaba and Yahoo! Japan stake is worth a combined $42.50 per share, implying investors are getting $6.00 per share in cash and the U.S. business for free. We expect the announced spin of Yahoo’s Alibaba stake to be a catalyst.
-- Brett Harriss
May 20, 2015 1:14 p.m. ET
Yahoo! ( YHOO : Nasdaq)
By Gabelli & Co. ($40.98, May 20, 2015)
On Tuesday, the Internal Revenue Service Office of the Associate Chief Counsel (Corporate) announced that it may hold in abeyance any new private letter ruling requests involving some section 355 tax-free spinoff active trade or business requirement questions while it studies how much active trade or business is enough.
A change in how active trade or business (ATB) is treated could directly impact Yahoo’s (ticker: YHOO) ability to spin its Alibaba Group Holdings ( BABA ) stake. While we do not think Yahoo will ultimately pay corporate level taxes on Alibaba, we do believe this could delay the planned spin of Alibaba beyond the fourth quarter.
Yahoo is in the process of spinning its $34 billion, or $35.66 per share, stake in Alibaba. The spun company would have likely included an ATB that was relatively small in comparison to Alibaba (less than 5% of value). Were the IRS to impose some size requirements, the expected Alibaba spin could be treated as a taxable transaction thus rendering the proposed spin impractical.
We highlight that a review could only apply to new private letter ruling requests (presumably Yahoo has already submitted one), or could leave the status quo. Were the IRS to change its view towards ATB size, we expect Yahoo would have a number of options to realize the pretax value of Alibaba.
Most notably, Alibaba could acquire Yahoo in its entirety. We believe such a transaction would provide two key benefits to Alibaba. First, it would remove Yahoo as a 17% owner of Alibaba. Second, it would give Alibaba a 35% stake in Yahoo! Japan. Yahoo! Japan could have strategic value for Alibaba as: 1) as a platform to expand into the Japanese market; and 2) as a bargaining chip for future negotiations with SoftBank ( SFTBY ).
In the highly unlikely event Yahoo’s A
You scaring me with your facts - wow, 3,787,666 - ya think I outta dump my shares, too?
Haha on Vulture!! Watch and learn? Not taking lessons from vulture!
Oh, wait - where's that money we should give vulture - is it here, no maybe over there, where is it?
I'm with you on that, flsjr. Same experience as you - nothing from Yahoo What do these jerk robot generators get for their efforts?
Yahoo! Finance does not seem to realize that these spam postings are ruining the messages boards - even for the spammers. No one goes there anymore - it's too crowded
Earnings out this morning - (41 cents) v. expected 37 cents per share, but free cash flow up over 50%
in a single market - no detail on existing arrangements
See fcc-may-crack-down-on-multiple-tv-station-strategies.html?cmpid=yhoo in Bloomberg
Wells Fargo defends the sector:
Broadcast stocks oversold: Wells Fargo • 10:43 AM
Wells Fargo is out with a spirited defense of broadcast stocks after the group got beat up over concerns about advertising trends and the lack of M&A opportunities.
The most interesting point from Wells might be its view that concerns over Aereo are just a bunch of noise. The firm thinks even with a Supreme Court win Aereo will have to pay for local broadcast re-transmission.
Related stocks: NXST, LIN, GTN, SBGI, BLC, TRBAA.
The sector stocks are all going down From the SBGI board . . . " Friday the Supreme Court agreed to hear the Aereo case. If the Aereo service is upheld, it's a killer for retransmission fees, or because broadcast stations may go cable (very doubtful). Anyway, if they agreed to hear the case last Friday, a decision can't come down until June, and I think the selling is overdone. But what do I know? "
Yes - strange that this board has no messages this morning.
I have seen this Yahoo MB behavior on other stock chats, but never before on SONS.
Now I have to see if this message even posts!