David Einhorn's Greenlight Capital (5 million shares) and Chase Coleman and Feroz Dewan's Tiger Global (25 million shares) have been buying Yahoo. Yahoo's recent 21% jump is from outside buying. Yahoo's $3 billion buyback is next.
Like Eric Jackson said, Wait Until They Really Start Buying!
Maybe 10-20 million shares at the most, imo. I think the best they can do is 5-7 million a week without spiking the price like crazy. Buybacks take a very long time especially when you are trying to buy back 15%-20% of your float. People are just beginning to realize that yahoo's stock is about $8 too low. The value of COH, Yahoo Japan, and Alibaba, is over 22 billion pretax and that is what we are trading at now. So basically they are valuing Yahoo's business at $0.... Also, Alibaba value may be worth $100-$150b in just a couple of years. There is a put option in Yahoo now at $17+ with little to no risk in investing. I really believe Yahoo will go over $21 by next earnings. Again, all jmho