For all of its woes, Michael Hourigan considers Yahoo (YHOO) deeply undervalued. According to...

|By:, SA News Editor

For all of its woes, Michael Hourigan considers Yahoo (YHOO) deeply undervalued. According to Hourigan's analysis, which values Yahoo's core business at just $3/share, investors are ignoring Yahoo's indirect stake in Chinese auction site TaoBao, possibly worth $9/share. Hourigan speculates a third party could acquire Yahoo for its TaoBao stake alone.