Altaba Inc. (formerly Yahoo) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Altaba Inc. (formerly Yahoo)

AABA 19.63

0.0%

Nov 6 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: LRS who wrote (3313)	11/30/1997 1:26:00 PM
From: Rational	Read Replies (1) of 27307

why these guys did not go for the loan instead of the 33% capital gains haircut. If 411 owners sold 411 to YHOO for YHOO stock at $52, say, and then sold these YHOO shares in the open market at $52, there is no capital gains tax. This is because exchanging 411 for some $52 YHOO shares is like buying the shares at $52; instead of paying cash, 411 owners simply paid an equivalent sum by exchanging their assets. Then selling the acquired shares at $52 generates no capital gains and taxes to 411 shareholders. If your point is that 411 owners could have waited to enjoy YHOO's ride to $60 or $100 (and could have lived on some borrowed money till then), then Peter will have to defend why 411 owners did not believe that YHOO price would rise beyond $52. Actually, I feel that 411 owners have not sold their YHOO shares yet. Only short-sellers are still active in selling. There is some insider selling to live, but no massive selling yet. This could be because they might still believe that YHOO would rise above the current level. Sankar

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next