[hackunomatter]

Yahoo, for long, had a market cap much below the value of all of its assets (including $BABA). One reason why it was undervalued was because the market didn't believe that they could dispose of their $BABA assets without incurring a huge tax penalty.

[oskarth]

Interesting example. Do you have a link to more info? In general, where do you read such analysis? Seems like the kind of thing that would be discussed on a HN for finance people.

[hackunomatter]

Just search around in HN for, say, "Yahoo core business", in the last couple of years.

Here's one story: https://www.usatoday.com/story/money/markets/2015/12/03/yaho...

[imrehg]

Some of Matt Levine's Bloomberg finance newsletter touches on that, and there's a bigger writeup as well: https://origin-www.bloombergview.com/articles/2015-12-02/yah...