Comments on: Yang Out at Yahoo! http://www.ritholtz.com/blog/2008/11/yang-out-a-yahoo/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Sat, 21 Nov 2009 18:18:13 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Byno http://www.ritholtz.com/blog/2008/11/yang-out-a-yahoo/comment-page-1/#comment-127164 Byno Wed, 19 Nov 2008 01:52:58 +0000 http://www.ritholtz.com/blog/?p=9877#comment-127164 <b>"Ten bucks! Can you believe it?"</b> No I-Banker worth her salt could in any way justify paying anything more than mid single digits for Yahoo stock, and I defy any equity analyst any where to present a cogent explanation that justifies a mature Internet company beind destroyed by Google and others being worth 36x earnings. What has happened, is that on one hand, you have a techy guy running rough-shod over his finance department, only to have the board ultimately say "NFW" in no uncertain terms, and on the other, institutional shareholders who've forgotten that GARP doesn't involve investing in non-dividend paying, high P/B, high P/E low cash-flow companies that are destined for the status of also-ran within a decade, and probably much sooner. <a href="http://bigpicture.typepad.com/comments/2008/05/what-is-yahoo-1.html" rel="nofollow">Posted by: Byno | May 13, 2008 5:04:50 PM</a> What do I win? “Ten bucks! Can you believe it?”

No I-Banker worth her salt could in any way justify paying anything more than mid single digits for Yahoo stock, and I defy any equity analyst any where to present a cogent explanation that justifies a mature Internet company beind destroyed by Google and others being worth 36x earnings.

What has happened, is that on one hand, you have a techy guy running rough-shod over his finance department, only to have the board ultimately say “NFW” in no uncertain terms, and on the other, institutional shareholders who’ve forgotten that GARP doesn’t involve investing in non-dividend paying, high P/B, high P/E low cash-flow companies that are destined for the status of also-ran within a decade, and probably much sooner.

Posted by: Byno | May 13, 2008 5:04:50 PM

What do I win?

]]> By: DavidB http://www.ritholtz.com/blog/2008/11/yang-out-a-yahoo/comment-page-1/#comment-127059 DavidB Tue, 18 Nov 2008 17:01:55 +0000 http://www.ritholtz.com/blog/?p=9877#comment-127059 Just fix the message boards....PLEASE! For the love of mercy <i>fix the yahoo message boards</i>! Just fix the message boards….PLEASE! For the love of mercy fix the yahoo message boards!

]]> By: TrickStyle http://www.ritholtz.com/blog/2008/11/yang-out-a-yahoo/comment-page-1/#comment-126984 TrickStyle Tue, 18 Nov 2008 06:01:56 +0000 http://www.ritholtz.com/blog/?p=9877#comment-126984 Constantnormal - Yahoo! is sitting on the ultimate social network. It just needs new management to shake off the legacy. Shareholders couldn't lose at this point. Yang out means buy Yahoo!. They should hire me. Constantnormal – Yahoo! is sitting on the ultimate social network. It just needs new management to shake off the legacy. Shareholders couldn’t lose at this point. Yang out means buy Yahoo!. They should hire me.

]]> By: constantnormal http://www.ritholtz.com/blog/2008/11/yang-out-a-yahoo/comment-page-1/#comment-126982 constantnormal Tue, 18 Nov 2008 05:46:49 +0000 http://www.ritholtz.com/blog/?p=9877#comment-126982 ok, I guess I should be proactive about this ... if I'm eventually going to have to replace the spreadsheet macros that pull stock quotes from Yahoo! .... anybody have a favorite site to point spreadsheets at to get quotes? It needs to support ETFs, ETNs, options, and some foreign stocks, as well as the normal contingent of domestic stock quotes. 'Cause it's pretty obvious that given the difficult economy, and the fact that Google overlaps Yahoo's markets very effectively, this is probably the last Christmas that Yahoo is gonna see. There really isn't a need for both of them. I do wish that Google would provide interfaces to programmatically interact with their quotes feed, miserable though it is. ok, I guess I should be proactive about this … if I’m eventually going to have to replace the spreadsheet macros that pull stock quotes from Yahoo! …. anybody have a favorite site to point spreadsheets at to get quotes? It needs to support ETFs, ETNs, options, and some foreign stocks, as well as the normal contingent of domestic stock quotes.

‘Cause it’s pretty obvious that given the difficult economy, and the fact that Google overlaps Yahoo’s markets very effectively, this is probably the last Christmas that Yahoo is gonna see. There really isn’t a need for both of them.

I do wish that Google would provide interfaces to programmatically interact with their quotes feed, miserable though it is.

]]> By: TrickStyle http://www.ritholtz.com/blog/2008/11/yang-out-a-yahoo/comment-page-1/#comment-126980 TrickStyle Tue, 18 Nov 2008 04:57:27 +0000 http://www.ritholtz.com/blog/?p=9877#comment-126980 If I were CEO of Yahoo!, I could create a $100 stock in 18 months. ...Google too. If I were CEO of Yahoo!, I could create a $100 stock in 18 months. …Google too.

]]> By: Stuart http://www.ritholtz.com/blog/2008/11/yang-out-a-yahoo/comment-page-1/#comment-126977 Stuart Tue, 18 Nov 2008 04:50:06 +0000 http://www.ritholtz.com/blog/?p=9877#comment-126977 Good riddance. What a Yahoo. ........sorry. Good riddance. What a Yahoo.

……..sorry.

]]> By: Andy Tabbo http://www.ritholtz.com/blog/2008/11/yang-out-a-yahoo/comment-page-1/#comment-126975 Andy Tabbo Tue, 18 Nov 2008 04:30:46 +0000 http://www.ritholtz.com/blog/?p=9877#comment-126975 Steve Ballmer must thank his lucky stars every single night..."Thank you Jerry Yang...thank you....you really saved my own company with your Gollum-like obsession over your 'precious' stock." Steve Ballmer must thank his lucky stars every single night…”Thank you Jerry Yang…thank you….you really saved my own company with your Gollum-like obsession over your ‘precious’ stock.”

]]> By: LB http://www.ritholtz.com/blog/2008/11/yang-out-a-yahoo/comment-page-1/#comment-126970 LB Tue, 18 Nov 2008 03:58:13 +0000 http://www.ritholtz.com/blog/?p=9877#comment-126970 This ship is going down… I don’t see a deal and no new CEO will be able to make a difference in the next 12 months. - LB This ship is going down… I don’t see a deal and no new CEO will be able to make a difference in the next 12 months.

- LB

]]> By: leftback http://www.ritholtz.com/blog/2008/11/yang-out-a-yahoo/comment-page-1/#comment-126969 leftback Tue, 18 Nov 2008 03:53:08 +0000 http://www.ritholtz.com/blog/?p=9877#comment-126969 Just think of all the money Jerry pissed away...... he could have sold and had it made in the shade. Just think of all the money Jerry pissed away…… he could have sold and had it made in the shade.

]]> By: Andy Tabbo http://www.ritholtz.com/blog/2008/11/yang-out-a-yahoo/comment-page-1/#comment-126968 Andy Tabbo Tue, 18 Nov 2008 03:52:35 +0000 http://www.ritholtz.com/blog/?p=9877#comment-126968 Sort of Nice Symmetry to all this....come up with some cool new technology...ride a bubble all the way up and then all the way back down. What a joke. Hey smart guys at Google...you watching this? Creative Destruction....love it. - AT Sort of Nice Symmetry to all this….come up with some cool new technology…ride a bubble all the way up and then all the way back down. What a joke.

Hey smart guys at Google…you watching this?

Creative Destruction….love it.

- AT

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