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Technology Stocks : Altaba Inc. (formerly Yahoo) -- Ignore unavailable to you. Want to Upgrade?


To: craig crawford who wrote (12578)7/10/1998 7:24:00 AM
From: John P. Henrie  Read Replies (1) | Respond to of 27307
 
RE: Reason for Yahoo's Drop...

The private placement of equity.

When a company needs to raise funds, it seeks the cheapest source. A private placement of stock is very expensive. Likewise, a company would never use stock to raise funds if it felt its stock was undervalued. While Yahoo has had a great run and Internet mania is still here, I would be careful given the recent private placement at a price below market.

Take Care,

John

Neither long nor short. Just amazed at the appreciation in Internet stocks.