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Yahoo! Reports Repurchase of 40M Shares Held by Loeb's Third Point, Price Was $29.11/Share
Monday, July 22, 2013 - 9:19am | 410Read More...Yahoo! Inc. (NASDAQ: YHOO) today announced that it has entered into an agreement to repurchase 40 million shares of Yahoo! common stock beneficially owned by Third Point LLC ("Third Point"), at a purchase price of $29.11 per share. The purchase price equals the closing price of Yahoo! common stock...
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Is the Yahoo! Turnaround On Track?
Wednesday, January 30, 2013 - 9:35am | 1549Read More...One of the more interesting investment stories in the Internet space is the turnaround taking place at Yahoo (NASDAQ: YHOO). The company, which has seen its revenues fall sharply in recent years, has become a target of activist investors amid its struggles. In 2008, Carl Icahn purchased a large...
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Loeb's Third Point Earns Fast Profits in Herbalife
Tuesday, January 22, 2013 - 5:40pm | 614Read More...Dan Loeb's hedge fund Third Point LLC has already made some very fast paper profits on its stake in multi-level marketer Herbalife (NYSE: HLF). Loeb purchased his 8.2 percent stake in the embattled company at roughly $32 according to The New York Post. All told, the hedge fund purchased around 8....
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Herbalife isn't Dan Loeb's Only Stock; ETFs for Third Point
Thursday, January 10, 2013 - 2:40pm | 714Read More...Third Point Capital founder Dan Loeb has been getting plenty of press these days. After taking an 8.2 percent stake in controversial and embattled Herbalife (NYSE: HLF), three percent of Third Point's $10.1 billion in investor cash is now devoted to a long bet on a company that some investors think...
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Oops I Did it Again: Yahoo! Board Screws Up Again
Tuesday, November 1, 2011 - 10:12am | 711Read More...Yahoo!'s (NASDAQ: YHOO) board may have screwed up again. After rumors surfaced last week that the company was thinking about launching a share buyback and dividend to appease investors, as opposed to selling the company, Wall Street started to punish the stock. Benzinga spoke to Yahoo! about the...
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For Yahoo, It's Deja Vu. All Over Again.
Thursday, October 20, 2011 - 9:46am | 841Read More...Yogi Berra is famous for his skill with the Yankees, as well as some of his "Yogisms" in which he says nonsensical things that have somehow made their way into pop culture. Now you can apply a "Yogism" to the world of finance. Last night, a tweet from Wall Street Journal reporter Anupreeta Das...
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Is the Chief Yahoo Crazy?
Monday, October 10, 2011 - 1:28pm | 923Read More...There was an article on Reuters over the weekend that former Yahoo! (NASDAQ: YHOO) CEO and co-founder Jerry Yang was looking to buy the company, and take it private. This begs the question: what does the former CEO see in the U.S. operations that no one else does? Yang wants to take the company...
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Hey Ma, What's Up?
Monday, October 3, 2011 - 12:12pm | 779Read More...Last week, it was written that Alibaba CEO Jack Ma could potentially be interested in taking over Yahoo (NASDAQ: YHOO). Over the weekend, Ma confirmed those interests, saying he would be very interested in taking over Yahoo as a whole. As such, shares are higher today, gaining more than 5%, one...
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Did We Learn Who Eventually Takes Over Yahoo?
Wednesday, September 28, 2011 - 12:20pm | 693Read More...Since it was first announced in early September that Yahoo (NASDAQ: YHOO) CEO Carol Bartz was fired, and Third Point's Dan Loeb had acquired a large stake in the company, there have been rumors swirling about who was going to eventually acquire the company. With last night's news that Chinese...
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Are the Lights About to Go On at Yahoo?
Thursday, September 22, 2011 - 10:09am | 668Read More...This morning Stifel Nicolaus upgraded shares of Yahoo! (NASDAQ: YHOO) and put a $18 price target on shares, as it believes a deal is near. After last week's Delivering Alpha conference, in which Dan Loeb of Third Point hinted that something could be done relatively soon, there is more conviction...
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Top Ideas From Delivering Alpha
Thursday, September 15, 2011 - 11:41am | 1025Read More...Tyler Mathisen of CNBC hosted a panel yesterday at the CNBC/Institutional Investor "Delivering Alpha" conference with six of the brightest minds in the hedge fund world, and asked them for some of their best investment ideas. Up first was Kyle Bass from Hayman Capital, and his idea was to short...
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Daniel Loeb Attempts to Oust Yahoo!'s "Destroyer of Value," Roy Bostock
Wednesday, September 14, 2011 - 11:30am | 317Read More...Carol Bartz was just the beginning. Now that Yahoo!'s (NASDAQ: YHOO) problematic CEO is out of the picture, hedge fund manager and Third Point LLC founder Daniel Loeb is going after Yahoo! Chairman, Roy Bostock – again. In a letter sent to Yahoo! co-founder and former CEO Jerry Yang, Loeb...
