On Friday, Shares of Yahoo! Inc. (NASDAQ:YHOO), gained 0.90% to $31.43.
Doug Kass shares his views every day on RealMoneyPro.
The Internal Revenue Service said late yesterday that it was unwilling to provide a letter that assures Yahoo! a tax-free spinoff of the company’s stake in Alibaba.
Tax rules are complicated and have specific context depending on the transaction, so I don’t believe this is over yet. But my guess is that the ruling could pressure Yahoo! to put itself up for sale, as CEO Marissa Mayer is under renewed demands to perform after years of poor acquisitions and weak core-operation results.
As a result, I plan to add to my Yahoo! long at under $30/share. I’ll also have more to say about YHOO in the coming days.
Yahoo! Inc. provides search and display advertising services on Yahoo properties and associate sites worldwide. The company offers Yahoo Search that serves as a starting point to navigate the Internet and discover information; and Yahoo Answers, which enables users to seek, discover, and share knowledge and opinions across mobile phones, tablets, and desktops.
Shares of Southwest Airlines Co. (NYSE:LUV), inclined 0.47% to $38.54, during its last trading session.
Southwest Airlines has been invited to speak at the Morgan Stanley 3rd Annual Laguna Conference. Morgan Stanley will be webcasting the audio presentation live, and a link to the webcast will be made available via the Investor Relations homepage on the Southwest Airlines website.
Date: Friday, September 18, 2015
Time: 8:45 a.m. Pacific Time
Speaker: Tammy Romo, Executive Vice President and Chief Financial Officer
Southwest Airlines Co. operates passenger airlines that provide planned air transportation services in the United States and near-international markets. As of December 31, 2014, it operated 665 Boeing 737 aircraft; and had 12 Boeing 717 aircraft.
Finally, NextEra Energy, Inc. (NYSE:NEE), ended its last trade with 0.52% gain, and closed at $95.85.
Florida Power & Light Company, a wholly owned partner of NextEra Energy, declared that it has commenced a tender offer to purchase up to an aggregate principal amount of $400 million of its First Mortgage Bonds, 5.85% Series due Feb. 1, 2033 (CUSIP No. 341081EP8), its First Mortgage Bonds, 5.95% Series due Oct. 1, 2033 (CUSIP No. 341081ER4), its First Mortgage Bonds, 6.20% Series due June 1, 2036 (CUSIP No. 341081EX1), its First Mortgage Bonds, 5-5/8% Series due April 1, 2034 (CUSIP No. 341081EQ6), its First Mortgage Bonds, 5.65% Series due Feb. 1, 2035 (CUSIP No. 341081ES2), its First Mortgage Bonds, 5.40% Series due Sept. 1, 2035 (CUSIP No. 341081EU7), its First Mortgage Bonds, 5.85% Series due May 1, 2037 (CUSIP No. 341081EY9), its First Mortgage Bonds, 5.65% Series due Feb. 1, 2037 (CUSIP No. 341081EV5), its First Mortgage Bonds, 5.95% Series due Feb. 1, 2038 (CUSIP No. 341081FA0), and its First Mortgage Bonds, 5.96% Series due April 1, 2039 (CUSIP No. 341081FB8). The 2033 Bonds, the 2033A Bonds, the 2036 Bonds, the 2034 Bonds, the 2035 Bonds, the 2035A Bonds, the 2037 Bonds, the 2037A Bonds, the 2038 Bonds and the 2039 Bonds are referred to herein collectively as the “Securities.” The Tender Offer is open to all holders of the Securities.
NextEra Energy, Inc., through its auxiliaries, generates, transmits, and distributes electric energy in the United States and Canada. The company generates electricity from gas, oil, solar, coal, petroleum coke, nuclear, and wind sources.
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