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... almost entirely off their stake in BABA. YHOO was effectively just an ETF invested in just one stock, their actual business had negative value.
by gaius 10y ago
... almost entirely off their stake in BABA. YHOO was effectively just an ETF invested in just one stock, their actual business had negative value.
- charlesdm 10y agoMeaning it was a good activist play? It was trading negatively because there was a chance Yahoo management would sell that BABA stake, and use that money to fund their operating business.