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As if having an awesome product isn't hard enough: A study published in the peer-reviewed...
Follow Up: Celgene | Review | Preview Following the sale of its internet business to Verizon Communications in June, Yahoo! changed its name to Altaba, morphed into a closed-end investment company, was dropped from major market indexes, including the Standard & Poor’s 500 index, and completed a $3.4 billion tender offer for its shares. Amid all that activity, one thing has stayed constant: The stock trades at a significant discount to its net asset value. There are a lot of ways to win,” says Brett Harriss, a research analyst at Gabelli.
The stock trades at a significant discount to the company’s net asset value, and looks inexpensive. Altaba shares are down $1.61 today to $53.34, and trade at a 30% discount to the value of the company’s assets, as calculated by Altaba on its website, Altaba.com. The company values its assets at about $76 a share, and some argue the assets are worth about $1 more, because the Altaba calculation hasn’t been updated to reflect the beneficial impact of the recent tender offer.