$12 target price is a joke. This was 30+ stock (went as high as 50) back in 2012 and company has much more advanced pipeline now.
by letting short hedge funds capitalize on the negativity of the soap opera being played between them and Yahoo management.
There is no reason for YHOO to be trading at such a huge discount to fair value no matter what happens with the board, management and company as a whole.
First of all, the stock price should have never got to 78 given the uncertainty that was there with all the trials. Now the rubber band is stretched in other direction that is the low point,
I blame analysts to a large extent and management to some extent. All these analysts with 100+ stock price should be embarrassed for the humanity. Now some of them are lowering prices that are close to current bottom of the barrel price. Short are having a ball with this and they are playing with investors fear and crashing the stock on daily basis.
This is a classic example of how shareholders are treated like cheap w###res. They have zero protection, zero rights.
I mean this stock is lost 80% in 7 trading days. I have never seen anything like this except when in case of BK, severe liquidity crisis or a completely failed drug of a leveraged biotech company
Why is starboard the only one that is trying to make big noise here?
What about Filo and other institutional holders? I have not heard a Filo say a single word in this fiasco.
ok i finally found it deep inside 10K it is a 5 line paragraph in 71 page doc so hard to find. From the tone of it though it does not look like end of the word. Most likely they will pay another small fine IMO.
If you watch the tape, you will see someone is essentially controlling the price.
OCN is solidly positive and someone is trying very hard to keep this in negative territory
In the mean time, shorts have a free ticket to destroy the stock
Tax rate of 40% on BABA and YJ
Yahoo Core Value (6X EBITDA) = 6 Billion
Yahoo non Core Value (real Estate, IP etc) = 3 Billion
Per YHOO share
Net Cash 5.93
Yahoo Japan 5.35
Total Value 38.40
When is the big question
These days crashed stocks literally rot for a few months before they see any reprieve.
This is the most brutal market in my lifetime (even 2008-2009 was not this brutal, there were frequent rebounds).
In this day and age why do we need middle men? what does Quattrone bring to the table?
So he will make tens of millions stating the obvious and advising the same obvious that a common shareholder knows. Is there is a rocket science to this?