Buy Yahoo: The Party Has Not Yet Started
by David Alton Clark
The Gist
Yahoo (YHOO) has been on a tear over the past year, up over 72% over the past 52 weeks and 33% year to date. Marissa Mayer, well respected for her online product-design expertise, took over as CEO of Yahoo in July of 2012. She was one of Google's (GOOG) earliest and most successful employees. Since taking over the reins at Yahoo, Mayer has revamped key products, such as Yahoo's Web email and its Flickr photo sharing service. Furthermore, the company has acquired several small start-ups. Yahoo shares are up 70% since the start of Mayer's tenure. Analysts posit the rally has more to do with stock buybacks and the exponential growth in value of Alibaba, one of Yahoo's Asian assets. See chart below provided by Finviz.com. read more »
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