what analyst downgrades now after the co announces 3 billion buy back...ridiculous
The buyback was announced in May and it is $5 billion. A $3 billion buyback was last announced in June 2010.
Buybacks do not add value to a company. And Yahoo has traded into the $18s in 2008, 2009, 2010, 2011 and now in 2012. This is nothing new or surprising.