It may have been hard to monetize Yahoo! Japan before the earthquake and tsunami, but afterwards it may even be harder, at least in the short term, for Yahoo! (NASDAQ:YHOO).
According to Jefferies & Co. Internet analyst Youssef Squali, the desire of Yahoo to monetize Yahoo! Japan will be harder to accomplish in the current atmosphere.
His thought is the company could do a tax-free spin-off of shares to Yahoo! investors, in the form of American Depository Receipts, which would be more likely to be carried out than an outright sale.
Squali maintains a "Buy" rating on Yahoo, which was trading at $16.04, falling $0.29, or 1.78 percent, as of 12:33 PM EDT.
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