Probably for the same reason he sold 11 million shares at $19.70 back in January. Either he's cautious and likes to take a profit now and then or he's just wrong sometimes.
$36 million = about 3 cents a share. During MM's tenure, YHOO stock price has increased by about 9 dollars per share. That's a pretty good return on investment. YHOO can "sock it to" this investor in that manner as much as it likes.
Drinking scotch is the appropriate answer to almost any question, including "how are you," "where the heck did I put my car keys" and "how 'bout them Cubbies."
I wonder if it was just today. Yesterday, I got an email from Yahoo (at least I hope it was really from Yahoo) saying that my email may have been compromised because someone in Turkey had accessed my account and that I should change my password. Did anyone else have a similar experience yesterday and was that a real Yahoo message or have I been scammed?
But, in order to turn those assets into cash, YHOO would have to sell its stock interest in the Asian companies and then pay taxes on the profits, wouldn't you? You might start out with about $34 billion if they sold everything, but wouldn't it end up at somewhere around maybe $22 billion? Not that $22 billion is anything to sneeze at.
You're full of #$%$. Since I put coldone, hotmodelT, several right wing crazies and their many many aliases on ignore, there are only about 10 to 15 real messages per day on the YHOO board, with the rest being spammers and fake posters saying how valuable the spammed information is.
The best part of Yahoo Finance to me was always the portfolios feature, but for the last few months it has done nothing but get worse by the day. Either it won't load at all or it'll load a blank page or it'll display an eroneous message that claims I have neglected to select any fields. A couple days ago, my portfolio just froze at 3:03 p.m. almost till the end of trading.
This has become so aggravating I'm starting to look around for another website to do my stock tracking. Ii still like the format and user-friendliness of Yahoo Finance, but it just doesn't work often enough anymore. I can't believe these problems are so hard to fix that Yahoo hasn't gotten it right yet. It doesn't exactly inspire confidence in the company.
YHOO stock closed at $15.74 the day before she became CEO. As of this moment, it's at $20.83. That's better than a 32% increase in about 6 and a half months. How many other stocks do you own that are growing at a rate of almost 60% per year? Go ahead and sell. Personally, I'm impressed enough to wait and see what's coming next quarter.
Gee whiz, how greedy are you? The stock price has increased from less than $16 when she took over to right around $20 now. That's a 25% increase in about 6 months. I wish all my holding did that well. She's earned some patience from shareholders.