All I can say is $15.02 is $1.00 below $16.02
I think the 'news' of giving the CEO the power to 'buy' things w/the $4.2 bln
is a classic corp/mgnt mistake. What usually happens to the stock price of
the acquiring comp on the announcement? Good purchase/bad purchase, etc.,
YHOO will end up 'paying up' for everything they 'buy' and it will take at least
2 yrs to 'return' anything. Hate to say it, this is a L-T strategic move to allow
the CEO to 'spend'.....which is classic. The CEO is off the hook because she'll
say "It will eventually pay off for YHOO shr-hlders." Key word is "eventually."
I think this stock is headed towards a $14 handle....in a 'down mkt', faster than
in a sideways one....regardless....it's going lower. Bad decision; period!!!