The market is starting to agree.
That big spike in early May was due to that crazy story that Microsoft was looking to buy Yahoo for $50 billion.
Here's what I had to say:
No. No way. Never.
By my math, that's $36 a share, eight bucks above yesterday's close. It's eight times next year's sales and 52 times earnings.
If Google went for that much, it would be a $1,000 stock.
Yahoo's market cap is now down to $30 billion.