http://mobile.nytimes.com/2016/07/25/business/yahoo-sale.html
Verizon is buying a small part of yahoo at a much lower price point. One might think they're buying Yahoo technology, IP and staff for cheap and might be able to run it better by offering services as part of their cellular plans. E.g. no data charges for yahoo searches or email..
I bought a small amount of VZ stock months back. We'll see what happens
I'm betting Verizon will hit 60 after earnings. Fingers crossed.
I bought some Yahoo stock at around $37 a couple of weeks ago in anticipation of this. Part of the problem is that nothing has been said about Yahoo's IP or their investments in Alibaba and Yahoo Japan. Those three things alone make up the majority of Yahoo's current market cap. Also, it's possible that Yahoo's stock has already accounted for the buyout when the rumors of a sale came out some time last year. Either way, I'm bullish about Yahoo moving a few more points.
and what do you think about Verizon's stock? That's the one we shoulda bought isn't it.
I don't have an opinion as it's not a company I follow. In a perfect world, Verizon's stock would dip because it is buying Yahoo. However, Verizon is releasing an earnings report on Tuesday, so who knows what will happen.