AABA – Altaba Inc. Last:79.90

Altaba may interest some of you river boat gamblers out there. Altaba is what’s left of the former remnants of Yahoo and now acts only as a holding company. Altaba owns a significant stake in Alibaba (BABA) and Yahoo Japan. If Altaba sold all it’s assets according to https://www.altaba.com/ they are currently trading at a 26% discount to NAV. Without getting into the nitty gritty details as to why this NAV gap exists let’s just say it has to do with uncertainty surrounding how taxes will be treated on the sale of these underlying assets.  BABA’s weekly chart looks to be moving higher and this should pull AABA with it. UBS analyst Eric Sheridan issued a Buy rating in February and a $98 price target. If I were employed by UBS my target would be $100. After all who would take me seriously if I had a price target of $99.60?