Published: January 06, 2016
Back in January, Yahoo (NASDAQ:YHOO) announced it was going to finally spin off its $30B stake in Alibaba (NYSE:BABA) into a newly-formed company named Aabaco.
Aabaco’s main goal and business would be to hold, invest, and trade in Alibaba’s shares. However, after IRS comments made at a Washing...
Published: June 20, 2013
I looked at the upside and downside in a bunch of different ways. On a DCF basis, gets you to $3.49, excluding NOLs of ~$0.73. Upside feels like ~$4.76 using my 2014 EBITDA estimate, peers’ avg 2014E EV/EBITDA multiple of 6.1x, including NOLs of $0.73. Downside feels like ~$2 using the lowest EBI...
Published: June 06, 2013
Trading for 7 times their expected EPS, FTE is a very cheap asset with immense value. Today, we would be buying from pessimists. In the future, when there is a general consensus on the merits of this investment in the market, it will have risen very significantly already.