monkeyman

Yahoo: Where's Icahn as Stock Dips Below $10?

Seriously? We're discussing this? Look, if Yang made the deal w/ MSFT, shareholders MIGHT have been better off considering the current economic situation, but the company definitely would NOT have been, especially considering the current economic situation.

Compare the charts of YHOO, GOOG, and MSFT:

finance.yahoo.com/echa...;range=1y;compare=msft...

Both Yahoo and Google are moving comparatively, as well as MSFT. Yahoo is not like Ford or GM, it is making money and it isn't dying. Their search is actually better than Google, particularly for technical and specific searches, and they are gaining market share in the search market. There's too many people stuck on the quick buck they could have made ( which is only if they sold their shares once the buy-out happened, otherwise, they'd be losing if holding onto converted MSFT stock or reinvesting in the market ).

Icahn did not care about the shareholders, he did not care about Yahoo, or the employees of Yahoo. He cared about making a quick buck. He bought a few hundred million shares averaging in the mid 20's and hoped to get them sold to MSFT at $31 a share ( people keep quoting $33, but that was never on paper ). And Icahn is probably not losing as much, or any, money right now, because he most likely hedged all of his shares by buying PUTS on them ( did no-one notice the premiums on the stock options during that time? ).

Yahoo's stock price right now is where it is at mainly because of the economy, just like many, many other companies out on the market. The company I work for has seen it's stock price drop 70-80%, and is below the actual worth of the company, when we're meeting all of our guidelines and even raising them.