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Yahoo, for long, had a market cap much below the value of all of its assets (including $BABA). One reason why it was undervalued was because the market didn't b
by hackunomatter 9y ago
Yahoo, for long, had a market cap much below the value of all of its assets (including $BABA). One reason why it was undervalued was because the market didn't believe that they could dispose of their $BABA assets without incurring a huge tax penalty.
- oskarth 9y agoInteresting example. Do you have a link to more info? In general, where do you read such analysis? Seems like the kind of thing that would be discussed on a HN for finance people.
- hackunomatter 9y agoJust search around in HN for, say, "Yahoo core business", in the last couple of years. Here's one story: https://www.usatoday.com/story/money/markets/2015/12/03/yahoo-worthless-math-divest/76721586/ https://www.usatoday.com/story/money/markets/2015/12/03/yaho...
- imrehg 9y agoSome of Matt Levine's Bloomberg finance newsletter touches on that, and there's a bigger writeup as well: https://origin-www.bloombergview.com/articles/2015-12-02/yahoo-is-looking-for-a-new-way-around-alibaba-taxes https://origin-www.bloombergview.com/articles/2015-12-02/yah...