Personally, I am 100% Against a Buyout by Yahoo!
It is not the money! CheckFree has worked Extremely Hard since 1981, and to sell now, on the eve of the E-Bill/On-Line banking Revolution, would be a great tragedy. Never in the History of CheckFree has it been in a better position to capitalize on this electronic commerce revolution, ...we are so close! All we need is 18 more months to make this story complete.
I know it's been a long battle, but I would Challenge Pete to go the Final Round, See it Through, and Complete the Goal. I Strongly believe most Investors, Employees, and Clients would be against a Buyout by Yahoo! Any Buyout offer would have to reflect the real potential value of CheckFree.
After watching companies like E*Trade rocket to $280 per share (pre split), or 15 billion market cap., I know CheckFree has the same potential. Or NetBank go to $250 before settling in around $180. I know current market conditions permit these values, but any buyout price should also reflect the current market conditions. NetBank sells at 70 times revenue, and E*Trade sells at 40 times Revenue. CheckFree is better positioned than both of these companies to capitalize on the future potential of Financial Services, CheckFree is a Monopoly, NetBank and E*Trade are not.
Sorry for the rambling and being preachy, but I just have to vent my frustrations with the Yahoo! rumors.
Benny(In my very humble opinion) |
