Just one time, Louie, I would love it if you would explain what technicals you're talking about. I would lo e for us to bust out, but so far you've been -- how shall I put it -- full of #$%$.
Actually, YHOO is doing great today, down about a nickel, while GOOG is down 1.25%, AAPL is down 2.06%, FB is down 2.58% and MSFT is down 2.95%. Pretty strong day.
Oh how refreshing. A "big news is coming over the weekend" thread. If this one turns out to be true, it'll be the first one.
Yahoo core has never been valued at zero. People who make that claim are con-men and liars.
I don't believe the market is doing that. I think it's treating BABA and Y-Japan as fully taxable and then valuing the core at about 7-8 billion plus the net cash on hand. Do the math ad you come up with about what YHOO is oing for right now.
I was surprised to see you say that the market is valuing the core at zero or less than zero. Isn't the market in fact probably valuing it at about 7-8 billion plus the net cash on hand -- because the market is treating all of the Asian holdings as fully taxable right now? And will continue to do so until Alibaba buys back its shares, God willing?
Wrong. If BABA went to 50, YHOO would trade at about 33, even assuming that the market still deducts a full tax hit from the BABA and Y-Japan shares. Good fiction writing though on your part.
Actually, it would probably go to 37.50, but as long as you're just making numbers up, who cares, huh? Also, if BABA goes up to 200, YHOO will go to somewhere between 75 and 100 -- and that's assuming that Yahoo doesn't even get the Apple deal, which is probably a bad assumption.