Valuation of Yahoo’s Alibaba stake

Reading Time: 2 minutes Yahoo buys US$1 billion stake in Alibaba (2005-8-11, China Daily): $1 billion for 40% stake of Alibaba Group (parent company of Alibaba, Taobao and Alipay). Taotao and Alipay is Chinese equivalent of eBay and Paypal, repectively. Yahoo sells direct stake in Alibaba.com (cnet, 2009-9-14). Quote: ====== Yahoo has sold 1 percent of its stake in… Continue reading Valuation of Yahoo’s Alibaba stake

Buffett bets on Wells, US Bancorp

Reading Time: < 1 minute From Yahoo Tech-ticker. I don’t know about Wells, but I have US Bancorp shares (NYSE: USB). The stock appears expensive if you look at the price book ratio, which is a common metric to measure bank stocks. But USB is a very different bank compared to others, it’s a conservative lender. Since I opened my… Continue reading Buffett bets on Wells, US Bancorp

Got some Yahoo YHOO today

Reading Time: < 1 minute (Update July 7) Microsoft and Carl Icahn appeared to team up and will try to ouster the current board, esp. CEO Jerry Yang. I don’t think the current board and management is toasted because: 1) Two co-founders Jerry Yang, David Falio, along with their friends Softbank, Alibaba have more shares than Carl Icahn and his… Continue reading Got some Yahoo YHOO today

Carl Icahn and activist investor movement

Reading Time: 2 minutes Carl Icahn is again in the news. This time is about the Yahoo (Nasdaq:YHOO) shareholder proxy fight. Basically Carl bought a bunch Yahoo shares after the Microsoft deal fell through, and he is trying to remove the current Yahoo board, and make the sale to Microsoft. Intelligent observers may say did not Microsoft walked away… Continue reading Carl Icahn and activist investor movement

China Merchants Bank opened NY branch

Reading Time: < 1 minute Week in review 11/04 to 11/10 1) Shanghai Univ of Finance and Economics, or SUFE, is celebrating its 90 years annaversary. SUFE also launched Shanghai consumer/investor confidence index, similar to Univ of Michigan consumer confidence index.

Don’t Count eBay and Yahoo out

Reading Time: < 1 minute Google is doing everything to become the king of the Internet. The holiday promotion of Google Check out is targeted towards eBay’s Paypal; in the search market it’s continuing gaining market share from Yahoo, although I still like Yahoo Mail better than GMail 🙂 eBay is not standing still, it’s raising the listing fees. As… Continue reading Don’t Count eBay and Yahoo out