Carl Icahn is launching a proxy battle in an effort to oust the Yahoo board and re-negotiate Microsoft's bid for Yahoo. My take? I say the Yahoo board is shaking in their boots right now. This is a clear opportunity for Microsoft to low ball Yahoo and offer 29-30 per share. Microsoft eventually upped the offer to $33 per share before withdrawing it leaving Yahoo shareholders very irritated. Maybe the Yahoo board will cave and accept a lower offer to avoid battling one of the most legendary financiers.
CBS announced a purchase of CNET networks sending CNET's shares up 40+%. It's a bummer I didn't buy a few months ago since I've had the "hunch" that CNET was going to be bought out for a long time. I guess investors should worry about the future and use the past only as a learning experience. CNET owns a number of tech media internet outlets.
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5 comments:
what do conservatives such as yourself think of the Manhattan Institute?
Good info, do you work through a broker, or do you do your own buying and selling?,,,, like those commercials of the asian gentleman buying a stock on his computer while his entire family waits anxiously in the background.
I like the stock info. You incorporate analysis and narrative very effectively and that makes it entercational.
I'm unfamiliar with the Manhattan Institute. I'm more of a fan of the Cato Institute since they have a more libertarian philosophy and a concentration on economics. Contrast this with the Claremont institute which is focused more on national defense and "American exceptionalism." My guess is that the Manhattan Institute falls somewhere in between.
I do my own investing through scottrade (www.scottrade.com). It's amazing how much one is forced to learn when his own money is on the line.
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