Yahoo!’s (NASDAQ: YHOO) shares are back where they started the year. There has been a great deal of information released by the portal company since then. Wall St. should know much more about the firm’s direction than it did ten months ago. That ought to allow investors to form a firm opinion about the stock’s value. Things have not worked out that way, though.
Yahoo!’s share price at the start of the year was just about $16. The stock closed at $15.81 yesterday. Yahoo! has issued three quarterly earnings reports since then. It has fired its CEO. The Yahoo! board has signaled that the company may be for sale. And it has indicated it may not be. Yahoo! may hire a chief executive. The board may break up its assets before it needs to. Yesterday, Bloomberg reported that Yahoo! would spin off its Asian assets and continue to operate its primary business intact.
Yahoo! is not among the largest corporation in the U.S., either by sales or market cap. It has kept Wall St. and the media’s attention fixed on it nonetheless. And it has so confused investors that there is too little consensus about the company for its stock to have moved one way or another.
Douglas A. McIntyre
Top Gaining Stocks
Top Losing Stocks