Yahoo buyback will begin when Yahoo gives guidance within the next two weeks
Yahoo's new CFO and Marissa Mayer did not give guidance at the last earnings meeting. Ken Goldmen, Yahoo's CFO, said they would give guidance in approximately one month form that meeting. My sources tell me once Yahoo releases guidance they will begin buying back $3 billion in Yahoo stock at a very fast pace.
They waited to give guidance because of Alibaba. They wanted to get quarter results from Alibaba and their 11/11 results also, imo. Probably will give good guidance and the stock will run up. Remember Alibaba posted 1+ billion in last quarter and $3b in sales on 11/11. The only unknown is what margin Alibaba ran on 11/11. I think the guidance will contain a lot about Alibaba and what they think of its future. Maybe they have secured a buyer for Yahoo Japan or have sold some of their holdings in it also. We will see.. I don't believe much buy back has been going on with so many others interested in buying. I think it would of been very tough for Yahoo to accumulate more than 10 to 20 million shares.... jmho