When Microsoft shelled out $26 billion on the acquisition of professional networking website LinkedIn many people thought the price was way too expensive. This is a company which was struggling when Microsoft stepped forward amid concerns that growth had peaked and competition was having an impact. However, Amy Hood, executive vice president and chief financial officer of Microsoft Corporation, has some ambitious plans for the company. Read full article
I bought it at $110-ish when it fell hard on earnings a year or so ago. To my pleasant surprise, I was able to sell it within a few months for a good 70+ percent gain on the news that Microsoft was acquiring them.
