Sunday, November 3, 2013

Yahoo!

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All eyes will be on Twitter's IPO this week, ITZ takes a look at Yahoo.

Alibaba is preparing for an IPO that analysts expect to raise as much as $15 billion. Yahoo, which owns 24 percent of Alibaba, cut the maximum amount it planned to sell to 40 percent of its stake from a previous sale of half.

  Cantor Fitzgerald analysts have a "buy" rating on Yahoo, valued the company's Asian assets, which include Alibaba and Yahoo Japan, at about $29 per share on a fully taxed bases.
The stock closed @ $33.18 - $29 , that would mean you're getting $YHOO for $4.18?

Understanding's the company's stake and the valuation of Alibaba, you realize that Yahoo might still be cheap, and could become an incredibly cash-rich company in the near future. Look for possible acquisitions by Marrissa Mayer ...AOL...Tumblr?

7 comments:

itzstockchartz said...

UPDATE: added 1/2 position @ $34 to initial 1/2 entry position of $33. Full position cost basis $33.50... set stop @ $32.50 for now

itzstockchartz said...

Lets raise stop to $33 from $32.50

itzstockchartz said...

Raise Stop from $33 to $34

itzstockchartz said...

Raise STOP from $34 to $35

itzstockchartz said...

Raise stop from $34 to $36

itzstockchartz said...

Raise stop from $36 to $39

itzstockchartz said...

STOP HIT $39 exit with +$5.50 gain or +16.4%