Learned a new acronym this morning... PIPE (Private Investment in Public Equity). PIPE is an investment in a company that results in less than 20% ownership. PIPEs can be Board approved without a vote of the shareholders.
It appears as though there have been two PIPE offerings priced at $16.50 and $17.50, respectively. YHOO closed yesterday (02011.11.30) at $15.71. 52-week range: $11.09 - $18.84. Back in late-September of 02007, my target price for YHOO was $52. These days my YHOO target price is $26 and I frequently think this price is a pipe dream.
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ReplyDeleteI agree with Blodget's assessment that "If they [photo of Andreessen and Horowitz] can't save Yahoo, no one can."
ReplyDeletehttp://www.businessinsider.com/yahoo-andressen-silver-lake-deal-2011-12#ixzz1fOAsJ3Q3
We own stock in Yahoo! to make money; nonetheless, I don't want to see Yahoo! owned by China.
ReplyDeletehttp://www.thestreet.com/_yahoo/story/11328888/1/political-tensions-may-halt-yahoo-deal.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA