Searching for Yahoo: Take Two?
One stock maven believes that the Wall Street collapse may
reignite
Microsoft's interest in Yahoo. The theory is that Yahoo is now far cheaper
and the value of Microsoft cash is relatively undiminished.
This could well be true, though I still think buying Yahoo is a terrible me-too
idea. And Microsoft has recently
spent $80 billion buying back its own stock (a better investment than AIG,
I dare say). Does Redmond still have the cash to snag Yahoo? And if not, can
it borrow that amount in today's market? You tell me at [email protected].
By the way, we can no longer call Wall Street types gurus, experts or pundits
after losing so much money. I lost the equivalent of a fully equipped BMW 640
last week -- what about you? Stories of possessions lost welcome at [email protected].
Posted by Doug Barney on October 13, 2008