While I can see the asset monetization argument (and have made it since 2007 pre-MSFT bid), this note here does not reflect strength out of YHOO.
YHOO to Scrutinize Bottom 20% of Staff, Says AllThingsD
Saturday, November 17, 2012
YHOO cutting expenses?
Thursday, September 27, 2007
Latest Minyanville.com post -- AMZN (Amazon)
http://www.minyanville.com/articles/index.php?a=14250
As the article states, I prefer GOOG, YHOO & EBAY currently to AMZN on a relative value basis. For internet retailing specifically I think EBAY offers a better blend of valuation and financial engineering opportunity.
As stated, I think YHOO is quite undervalued and the Alibaba IPO could be a prime catalyst to move the shares higher.
While I'm still quite bullish on tech longer term I've reduced exposure this week and will look to reload exposure if we get some early October weakness through the preannouncement period.
Position in GOOG YHOO
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