Subscribe in a reader 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:
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
Lets raise stop to $33 from $32.50
Raise Stop from $33 to $34
Raise STOP from $34 to $35
Raise stop from $34 to $36
Raise stop from $36 to $39
STOP HIT $39 exit with +$5.50 gain or +16.4%
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