Another day, another Yahoo (YHOO) acqui-hire is announced. The target this time is mobile game developer Loki Studios, whose engineering team will be joining Yahoo. Surveying the non-stop purchases, Pando Daily's Erin Griffith declares Yahoo has become "a safe haven for VC rejects." Specifically, consumer-facing startups featuring "talented teams of fewer than 10 employees," but which lack "any truly notable traction," and have been unable to obtain a Series A funding round. (yesterday) [View news story]
Maybe. Yahoo can partner with most of the companies your linked (and interesting) article names. FWIW my take is that the Street "gets" Marissa's strategy and keeps repricing the stock on up as it sees this acqui-hires get done, so she has convinced the deciders-in-chief the company is turning in the right direction.
Yahoo Stock Can Now Aim Higher Than $30 [View article]
Thanks for the blast from the past, bhttsl. A good read. I recall those "negotiations" well- simply shocking behavior on Yahoo's part. But Dan Loeb and others on the board are now focused not on incumbent management but on YHOO's price per share. As you well know, it's a whole new ballgame now.
Yahoo Stock Can Now Aim Higher Than $30 [View article]
Agree with and appreciate all the above comments. Despite the numerous CEO changes, some of them accomplished some positives for the company.
I didn't want to get even more speculative in the article than I got, but in the comments section, I'll throw out the possibility that if Yahoo monetizes significant Asian equity assets and uses the aftertax cash resulting from that (those) action(s) to retire its own shares, and then can succeed in revitalizing operations, the remaining YHOO shares could be propelled much higher. There are a lot of "ifs" there, but Dan Loeb may be thinking that way. The stock's action, not letting anyone in at a "bargain" price since last fall's surge, is consistent with smart money thinking that's a possibility.
Yahoo Stock Can Now Aim Higher Than $30 [View article]
That's a good point, Nocturnian. Given the latest guesses on the Street that Alibaba currently is perhaps worth $90 B, it "could" be worth $120 B by end of 2014, meaning that my guesstimate of $100 B to YHOO for half of its 24% could be realistic. One thing that's overlooked in valuing Alibaba is development of a new business line, so we will just have to see. Meanwhile, it "looks" as though YHOO stock is "falling uphill" just as it fell downhill last decade. Marissa appears to be getting the company a lot more mindshare than it's had in many a year.
Steelcase, Inc: Great Business Model [View article]
SCS indeed has a famous name and good general reputation. I'd like the stock more if the CEO weren't selling every chance he gets, with no significant insider buying. If the stock is really depressed and worth it for an outsider to bother with, in this humdrum industry, I'd like to see insiders put new money to work.
Taking Profits On First Solar As 'Promises, Promises' Begins To Be The New Theme [View article]
Trent
I only have limited capital. I don't manage billions, only millions. When management does an ad hoc analyst day after a quarter has ended and then less than a month later disappoints investors who trusted that there would be no negative surprises that occurred in the quarter, as with Antelope Valley, then I just don't want any part of them. Meanwhile, SPWR has Total running interference for them. Who can know whether they can start running GAAP profits, etc.? All we know is that the stock is depressed by various measures.
I should say that my investment posture in stocks is much more toward FCF-positive companies that are arguably undervalued given the New Normal of ZIRP etc. This includes insurance companies, YHOO per my latest article, and CVS. None of these are cheap by older valuation measures, of course, but they are all arguably cheap compared to other places money can be allocated.
My interest in solar stocks is for the small speculative part of my portfolio. I consider these to be gambling tools right now, and don't take them too seriously, if you know what I mean. SPWR mgmt hasn't misled me; I know how to read their financial statements and press releases. But I'm not writing an article about them, not being all that bullish on them; I just own a little of their stock.
Taking Profits On First Solar As 'Promises, Promises' Begins To Be The New Theme [View article]
Fruition of an entire industry is different from one individual stock. I am long SPWR. I just don't trust a mgmt that hypes the stock one month-- when the quarter is already over-- and changes its story the next.
There was no, zero, nada reason for last month's analyst day meeting except to pump the stock.
Treasury Bonds Still Look Attractive For The Months Ahead [View article]
Stephen: Past performance doesn't predict future. But yes, I'm a retiree but not ancient and I only have a moderate exposure to truly long bonds. Can't trust them, but can rent.
However, for your consideration, I have purchase a small amount of 25+ year noncallable zero coupon tax-frees recently, both bonds solid investment grade, yielding close to 5%. The more inflation there is, say 4% on average, the less the chance they will default, yet I would still at least be keeping up with inflation. One decision, one time, not so bad, I'd say. I'd take them over XOM on a risk-reward basis, counting taxes, until 2040 as the hydrocarbon age fades away.
Treasury Bonds Still Look Attractive For The Months Ahead [View article]
Thanks. Yes, I manage family money and have put real money with Gundlach as well. Lance Roberts reports he continues to anticipate yet lower interest rates over time: http://bit.ly/10cKxdC This is good to see, as he has quite the hot hand.
Treasury Bonds Still Look Attractive For The Months Ahead [View article]
Thanks!
I do think Friday's bond selloff was profit-taking. Full-time jobs dropped per the establishment survey, and please see my Instablog for other comments. We remain only 175 basis points from zero on the 10 year. We're not going to zero, so bond buyers who want capital gains have to be reasonable in their (our) expectations.
Treasury Bonds Still Look Attractive For The Months Ahead [View article]
Yes, I read their quarterly letters. What counts in investing is results; you can posit whatever you want. The bond market has controlled stocks for decades. With the Fed buying bonds and the media warning people of a bond bubble, I like Hoisington here.
Why A Stock Market Bubble Is Forming Right Now [View article]
AAPL-2012
Stocks- 2013?
Apple: The Bottom Has Yet To Be Reached [View article]
Another day, another Yahoo (YHOO) acqui-hire is announced. The target this time is mobile game developer Loki Studios, whose engineering team will be joining Yahoo. Surveying the non-stop purchases, Pando Daily's Erin Griffith declares Yahoo has become "a safe haven for VC rejects." Specifically, consumer-facing startups featuring "talented teams of fewer than 10 employees," but which lack "any truly notable traction," and have been unable to obtain a Series A funding round. (yesterday) [View news story]
Yahoo Stock Can Now Aim Higher Than $30 [View article]
Yahoo Stock Can Now Aim Higher Than $30 [View article]
I didn't want to get even more speculative in the article than I got, but in the comments section, I'll throw out the possibility that if Yahoo monetizes significant Asian equity assets and uses the aftertax cash resulting from that (those) action(s) to retire its own shares, and then can succeed in revitalizing operations, the remaining YHOO shares could be propelled much higher. There are a lot of "ifs" there, but Dan Loeb may be thinking that way. The stock's action, not letting anyone in at a "bargain" price since last fall's surge, is consistent with smart money thinking that's a possibility.
Yahoo Stock Can Now Aim Higher Than $30 [View article]
Steelcase, Inc: Great Business Model [View article]
Taking Profits On First Solar As 'Promises, Promises' Begins To Be The New Theme [View article]
I only have limited capital. I don't manage billions, only millions. When management does an ad hoc analyst day after a quarter has ended and then less than a month later disappoints investors who trusted that there would be no negative surprises that occurred in the quarter, as with Antelope Valley, then I just don't want any part of them. Meanwhile, SPWR has Total running interference for them. Who can know whether they can start running GAAP profits, etc.? All we know is that the stock is depressed by various measures.
I should say that my investment posture in stocks is much more toward FCF-positive companies that are arguably undervalued given the New Normal of ZIRP etc. This includes insurance companies, YHOO per my latest article, and CVS. None of these are cheap by older valuation measures, of course, but they are all arguably cheap compared to other places money can be allocated.
My interest in solar stocks is for the small speculative part of my portfolio. I consider these to be gambling tools right now, and don't take them too seriously, if you know what I mean. SPWR mgmt hasn't misled me; I know how to read their financial statements and press releases. But I'm not writing an article about them, not being all that bullish on them; I just own a little of their stock.
Taking Profits On First Solar As 'Promises, Promises' Begins To Be The New Theme [View article]
There was no, zero, nada reason for last month's analyst day meeting except to pump the stock.
Taking Profits On First Solar As 'Promises, Promises' Begins To Be The New Theme [View article]
I look at the analyst day followed by yesterday's disclosures as a form of bait and switch. So I'll watch from the sidelines.
Treasury Bonds Still Look Attractive For The Months Ahead [View article]
However, for your consideration, I have purchase a small amount of 25+ year noncallable zero coupon tax-frees recently, both bonds solid investment grade, yielding close to 5%. The more inflation there is, say 4% on average, the less the chance they will default, yet I would still at least be keeping up with inflation. One decision, one time, not so bad, I'd say. I'd take them over XOM on a risk-reward basis, counting taxes, until 2040 as the hydrocarbon age fades away.
Treasury Bonds Still Look Attractive For The Months Ahead [View article]
Yes, I manage family money and have put real money with Gundlach as well. Lance Roberts reports he continues to anticipate yet lower interest rates over time:
http://bit.ly/10cKxdC
This is good to see, as he has quite the hot hand.
Treasury Bonds Still Look Attractive For The Months Ahead [View article]
I do think Friday's bond selloff was profit-taking. Full-time jobs dropped per the establishment survey, and please see my Instablog for other comments. We remain only 175 basis points from zero on the 10 year. We're not going to zero, so bond buyers who want capital gains have to be reasonable in their (our) expectations.
Treasury Bonds Still Look Attractive For The Months Ahead [View article]
Treasury Bonds Still Look Attractive For The Months Ahead [View article]