Investing During a Crisis is Usually a Good BetSince World War II there have been nine major crises apart from the current one. On the same day, Bank of America announced it would acquire Merrill Lynch in a $50 billion all stock-transaction. ·eBay recently sold StubHub for ~$4 billion ($3.1 billion net), and Classifieds has reportedly garnered interest in the $10 billion range from multiple parties. Consequently, the two units could unlock ~50% of the current market value of the Company despite only representing 20% of revenue. The Company is expected to repurchase ~$4.5 billion worth of shares in 2020 (16% of current market value), and its dividend currently yields slightly below 2%.
Source: Forbes March 17, 2020 22:52 UTC