Einhorn, Grenn light, and Loeb now own 10% of Yahoo!!
This is great news. What it says to me is there is less and less float for the company to buy back shares and any time they try the stock will spike!! Everyone now seeing the value! Alibaba will take us over 30 by the end of 2013. jmho
Another beaten-down tech company also got some hedge fund attention in the third quarter: Yahoo Inc, which nabbed Marissa Mayer to head the company from rival Google Inc.
Coleman's Tiger Global opened a new position of 25 million shares, David Einhorn's Greenlight Capital built a 5 million share new position and Dan Loeb's Third Point, already a major Yahoo investor, raised its stake to 73 million shares from 70.5 million three month earlier.
Yahoo shares have gained 14 percent since Mayer was appointed chief executive officer on July 16. On Wednesday, the shares lost 2 cents, or 0.1 percent, to close at $17.83.