Tuesday, January 27, 2015

Yahoo! To Yahoo! (YHOO)

Yahoo! reported 4Q'14 results after the market closed and the company had a solid quarter. I liked the following two items from the press release.
Cash, cash equivalents, and marketable securities were $10 billion as of December 31, 2014 compared to $5 billion as of December 31, 2013, an increase of $5 billion.

During the fourth quarter and year ended December 31, 2014, Yahoo repurchased approximately 22 million and approximately 62 million shares, respectively, for $980 million and $2.4 billion, respectively.

In addition to reporting 4Q'14 results, Yahoo! announced it was executing a "tax-free spin-off of the company’s remaining holdings in Alibaba Group (BABA) into a newly formed independent registered investment company (“SpinCo”). The stock of the new company will be distributed pro rata to Yahoo shareholders, resulting in SpinCo becoming a separate publicly traded company."

YHOO closed today (02015.01.27) at $47.99. 52-week range: $32.15 - $52.62.

[update::02015.01.29] YHOO had quite a day yesterday (02015.01.28). It had an up gap open of ~3.6, but it ended the day down ~3.2% at $46.46. Intra-day high: $50.32.

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