Icahn Buys More Of Yahoo
2008 November 28
According to the AP, Carl Icahn, bought 7 million more shares of Yahoo for $67 million.
That works out to about $9.92 a share.
His stake in Yahoo is now 75.6 million shares, or nearly 5.5 percent of the company
Icahn previously bought 70 million shares for about $25 a share and has lost $900 million on that investment.
So what do you think is Yahoo a bargain at $10 a share and what is going to happen to the company?
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I honestly don’t think Yahoo is a bargain @ $10.
Despite posting good results in traffic metrics, I can’t even name anyone I know anymore who uses Yahoo. It’s pretty clear the large majority of webmaster/SEO-types + domainers prefer Google.
6 month forecast: $8 in my opinion.
So what do you think is Yahoo a bargain at $10 a share and what is going to happen to the company?
Yes the share price of $10 is a BARGAIN.
Yahoo should aim for the international markets – non English speaking Country’s like Russia / Latin America and others.
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Yahoo can’t even do any good in it’s home country where it once ruled…which just happens to be the most profitable place to do business in the world where all the money is… and you expect them to try to somehow be competitive and go abroad? Not good strategy and not the best timing
Yahoo is going to hold at ~ $10 until the next big thing happens over there… and then they will likely screw up again.. and it will go down… round and round they go’
Mike
http://www.wannadevelop.com/