Microsoft has now officially announced their investment and their stock is up ~1% but that’s within normal daily variance. Probably the deal was considered likely enough to go through that a lot of the assumed benefit from this deal was already priced in before the official announcement, but I think it’s pretty hard to look at a graph of Microsoft stock price and claim that the market is pricing in substantial benefits in the next year.[1]
fwiw, I’m considering this a market inefficiency and purchasing Microsoft stock as my only non-index fund holding. Feel free to check in with me next year and see how much I regret this.
Microsoft has now officially announced their investment and their stock is up ~1% but that’s within normal daily variance. Probably the deal was considered likely enough to go through that a lot of the assumed benefit from this deal was already priced in before the official announcement, but I think it’s pretty hard to look at a graph of Microsoft stock price and claim that the market is pricing in substantial benefits in the next year.[1]
PS: thanks :)
fwiw, I’m considering this a market inefficiency and purchasing Microsoft stock as my only non-index fund holding. Feel free to check in with me next year and see how much I regret this.