AABA
Altaba Inc.
TMT, Event Driven/Special Sit
08/04/2014
Presented
| Date | 08/01/2014 |
| Price | $35.62 |
| Market Cap | $35.90B |
| Ent Value | $34.45B |
| P/E Ratio | 5.91x |
| Book Value | $41.35 |
| Div Yield | N/A |
| Shares O/S | 1,006.81M |
| Ave Daily Vol | 20,160,000 |
| Short Int | 2.89% |
Current
| Price | $19.63 |
| Market Cap | $10.20B |
| Yahoo! Inc. operates as a technology company worldwide. The company offers search products, including Yahoo Search that serves as a starting point to navigate the Internet and discover information; and Yahoo Answers, which enables users to seek, discover, and share knowledge and opinions across mobile phones, tablets, and desktop. It also provides communications products, such as Yahoo Mail that connects users to the people and things; Yahoo Messenger, an instant messaging service; and Yahoo Groups, which enables users to join groups based on shared interests and involvements. In addition, the company offers digital magazines comprising Yahoo.com that brings together the relevant content; My Yahoo, a customizable homepage; Yahoo Weather, which provides users with weather conditions and information for various cities and locations; Yahoo News that offers news through text, photos, and video; Yahoo Sports, which serves audiences of digital sports enthusiasts; Yahoo Finance that offers financial data, information, and tools, which facilitate users to make financial decisions; and Yahoo Entertainment and Lifestyles, a collection of properties focused on various trends and information in culture, women’s issues, and media. Further, it provides original, premium, and third-party news, finance, sports, entertainment, and lifestyle video content through various Yahoo properties, including Yahoo Screen and Yahoo Smart TV; Flickr, a Web and mobile photo management and sharing service; and Tumblr that offers a Web service and mobile applications, which facilitate users to create and share content of various kinds. Additionally, the company’s advertiser offerings include Search Advertising, Native Advertising, Yahoo Audience Ads, Yahoo Premium Ads, and Yahoo Video; and ad platforms comprise Yahoo Ad Manager, Yahoo Ad Manager Plus, and Yahoo Ad Exchange. It has approximately 800 million monthly users. Yahoo! Inc. was founded in 1994 and is headquartered in Sunnyvale, California. |
Please note, on 6/13/17 Yahoo! Inc. (YHOO) changed its company name and ticker to Altaba Inc. (AABA). The content of this idea will make reference to the original company name and ticker symbol.
Publicly traded companies mentioned herein: Google Inc (GOOG), Facebook Inc (FB), Yahoo! (YHOO), Yahoo Japan Corp (4689 JP), SoftBank Corp (9984 JP), Tencent Holdings Ltd (700 HK)
Highlights
The presenter is long shares of Yahoo! (YHOO) and believes buying ahead of the Alibaba IPO will be a profitable trade. He provided a quick overview of YHOO’s 23-24% stake in the owner of Tmall and Taobao (among other global e-commerce entities), and noted that YHOO amended its agreement dictating how much stock it would have to sell in the IPO and doesn’t have to sell as large a portion as was originally outlined. This is bullish because Alibaba is YHOO’s biggest asset and it is widely known that the core business is struggling. At present levels he sees ~10% downside risk, and the potential to make 25%+ upside near-term.
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