After being hit with a $38 reorg fee from eTrade following
$ZNGA's acquisition by
$TTWO, I'm selling
$ATVI ahead of its potential buyout from
$MSFT to avoid the same fee.
They did reverse the fee after I called, but still quite frustrating as I feel like this is the exact type of stuff that scares off smaller investors.
With the cash from Zynga's deal and Activision's sale in my daughter's custodial account, I bought her some
$ABNB.
According to Ycharts, Airbnb already generates around $2B in FCF, even accounting for stock-based compensation. Compared to a market cap of around $75B, the company's growth rates and future potential look reasonably priced.
In unrelated news, I'm looking for a new brokerage for a custodial account π -- any you all may know of that are good or use personally? π