Seeking Alpha

ianxponent

ianxponent
Send Message
View as an RSS Feed
View ianxponent's Comments BY TICKER:
Latest  |  Highest rated
  • Yahoo closes below $39 as tax bill, investment plans mulled [View news story]
    I'm not a tax accountant but I suspect I could figure out a way for an international firm holding shares in Hong Kong to avoid paying US taxes yet high paid experts like this Kirjmer dude just assume it's not possible. Surely it wouldn't be that hard or expensive to just spin off a separate firm/holding company that would be a repository for the Yahoo! Japan and BABA shares. Tax free spinoffs are done all the time - taxes wind up getting paid by the shareholder of the spinoff when they sell their shares. Am I missing something?
    Sep 23 01:01 AM | Likes Like |Link to Comment
  • Yahoo: An Easy Way To Profit From Alibaba [View article]
    I have Oct 18 calls as well as actual stock and I think we'll know by the beginning of October after BABA becomes optionable whether Friday's YHOO mess was due to external forces or simply that the stock and its management are just hated like the devil incarnate. It's still a minor holding for me so my options could expire worthless and it wouldn't be the end of the world. That said, after Friday's behavior, I sure wouldn't be prepared to bet the farm on YHOO.
    Sep 21 09:31 PM | Likes Like |Link to Comment
  • Purchase Yahoo To Buy Alibaba At $78 Per Share [View article]
    Well, two months ago, I'm not sure everyone expected BABA to open at $93.
    Sep 21 03:28 PM | 4 Likes Like |Link to Comment
  • Yahoo: An Easy Way To Profit From Alibaba [View article]
    IanLip: "For example, here's a different view (sums up my fears better than I can explain)"

    I guess I'd question how much faith to put in an author who blithely assumes that YHOO's remaining shares of BABA would be fully subject to a 38% capital gains rate, especially when most if not all those shares are held in Hong Kong. It strains credulity to think that YHOO lacks sufficient tax accounting expertise to wind up paying the full US capital gains rate on their Alibaba holdings.

    IMHO, what happened to YHOO on Friday was mostly it being treated as a proxy for shorting BABA which, after all, opened very late and much higher than most folks expected. Remember, YHOO started the day with a very positive move to 43+ before falling back as it became clear between 10 AM and noon that BABA was going to open higher than expected. After the opening, BABA very briefly toyed with the 100 barrier then fell back swiftly which coincided with the accelerated drop in YHOO.

    The next week or two should clarify what's really up with YHOO but it sure seems to me that the big players hedging BABA by shorting YHOO works best an explanation for YHOO's disappointing day. Next week may be a rollercoaster too depending on BABA but if it really is proxy shorting of YHOO to blame, it should subside by the end of the month.
    Sep 21 02:29 PM | 1 Like Like |Link to Comment
  • Yahoo: An Easy Way To Profit From Alibaba [View article]
    Can you be a bit more specific as to why you think it's "pretty overvalued at the moment"?
    Sep 21 02:59 AM | 1 Like Like |Link to Comment
  • Alibaba pares gains; Yahoo turns negative [View news story]
    That's what they were saying on CNBC, mhchangster, and it makes sense especially with the huge volumes involved. In fact it made so much sense to me that I added to my existing October call position.
    Sep 19 02:38 PM | Likes Like |Link to Comment
  • Amazingly, Yahoo Will Still Do Badly [View article]
    more of a buying opportunity I think. Inclined to believe it's hedge funds doing what they do until they can more directly do it with BABA itself.
    Sep 19 02:01 PM | Likes Like |Link to Comment
  • Alibaba pares gains; Yahoo turns negative [View news story]
    How could ownership of BABA have been priced into YHOO "a long time ago" when "a long time ago," no one had a clue what BABA would IPO for? IIRC, folks were expecting under $50/share "a long time ago" for the IPO.
    Sep 19 01:28 PM | 2 Likes Like |Link to Comment
  • Alibaba pares gains; Yahoo turns negative [View news story]
    Heard on CNBC that the YHOO weakness may be due to hedging BABA by shorting YHOO. May continue a week or so.
    Sep 19 12:23 PM | 2 Likes Like |Link to Comment
  • Alibaba sees first indicated opening range of $80-$83 (updated) [View news story]
    92.70
    Sep 19 11:54 AM | Likes Like |Link to Comment
  • Alibaba sees first indicated opening range of $80-$83 (updated) [View news story]
    CNBC commenter suggests flat YHOO due to shorting to hedge BABA. not sure how that works but can't imagine that could last long term.
    Sep 19 11:48 AM | Likes Like |Link to Comment
  • Alibaba sees first indicated opening range of $80-$83 (updated) [View news story]
    heard him earlier on CNBC and he was very careful about any kind of question related to plans baba might have so maybe that's just his way of saying he doesn't want to say anything at all.
    Sep 19 11:18 AM | Likes Like |Link to Comment
  • Alibaba sees first indicated opening range of $80-$83 (updated) [View news story]
    $90-91 now
    Sep 19 11:15 AM | Likes Like |Link to Comment
  • Alibaba sees first indicated opening range of $80-$83 (updated) [View news story]
    hoping for a slingshot effect when baba finally opens.
    Sep 19 11:12 AM | 1 Like Like |Link to Comment
  • Alibaba sees first indicated opening range of $80-$83 (updated) [View news story]
    89-91 now. Why YHOO not moving?
    Sep 19 11:05 AM | Likes Like |Link to Comment
COMMENTS STATS
371 Comments
602 Likes