Yahoo! remains a troubled company and the turnaround is still in its infancy, as no new CEO has yet managed to fix this ship’s direction. Now Marissa Mayer is in charge and the focus is to go back to content and products, so far.
Investors may want to consider that Mayer also was reportedly reconsidering whether Yahoo! would automatically distribute its gains to shareholders as well, as part of her turnaround strategy. That may mute at least some of the news because the company does not reward shareholders with a dividend.
Another reason that the reaction may be muted is that there is a “Sure, we’ve heard this before” attitude from the investment community.
Yahoo! shares are up but only by 0.9% at $15.30 in the premarket session, versus a 52-week trading range of $13.11 to $16.79.
AllThingsD did report that investors will get some back too in its report.
JON C. OGG
Top Gaining Stocks
Top Losing Stocks