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Wall Street likes Yahoos New CFO

|Includes: Altaba, Inc. (AABA)

Wall Street likes Yahoo's new CFO. current CFO of semiconductor manufacturer Altera (NASDAQ:ALTR), is an incremental positive for YHOO. BOA-MERRILL says the well-qualified Morse sets conservative expectations, which likely will be appreciated by investors hoping for a more stable Yahoo. Barclays says Morse is a well-regarded operational CFO who is expected to focus on cost controls and low-hanging fruit, of which there is much to be had. My recommendation on this stock is from a price of $11.00 on Jan 28th. There is still room for growth. Today I sold 10 YHOO Jan10 puts at a strike price of 15 for a premium of $1,700.00. My worst case is Yahoo trades under 15 and my cost basis is 13.30. Disclosure: Long YHOO