Downgraded on valuation concerns.
I have been saying for over a year that the Maximum full valuation for Yahoo is $17.20. Yahoo is over bought.
Now when they miss revenue projections for the quarter we will start to see the end of the MM fantasy. This balloon is getting way to close to the pins and needles of realty.
Goldman and Bernstein or grey..? I think I'll go with Goldman and Bernstein.