A diary of the thought process behind my investment decisions
An Update On Yahoo!
I recently wrote up Yahoo! and explained why I bought the stock. Last night Yahoo CEO Marissa Mayer announced that she was going to return $3 billion to shareholders through a share repurchase. At the current price that amounts to well over 15% of the company. With such a large buyer in the market and a decent quarter it is difficult to see how Yahoo has much downside. I believe Yahoo has limited downside and should outperform the market in the months ahead.