Thursday, October 20, 2011

Yahoo! (YHOO): Sink or Swim--I'm Holding

Yahoo! (YHOO) reported 3Q'11 results on 02011.10.018 and I thought they seemed okay. The following was copied from Yahoo!'s 3Q'11 press release.
  • Free cash flow was $247 million for the third quarter of 2011, a 1 percent decrease compared to $250 million for the same period of 2010.
  • Cash, cash equivalents, and investments in marketable debt securities were $2,870 million at September 30, 2011 compared to $3,629 million at December 31, 2010, a decrease of $759 million. During the third quarter of 2011, Yahoo! repurchased 44 million shares for $593 million. During the nine months ended September 30, 2011, Yahoo! repurchased 82 million shares for $1,203 million.

Bradley Horowitz, a VP at Google, said the following about Yahoo!: “The company is actually quite healthy. It’s not on the ropes, it’s not as if they don’t have traffic. They have number one sites in many categories."

Some Yahoo! related headlines from today (02011.10.20) and yesterday.

  • What is Yahoo? Still One of Life's Unanswerable Questions via AllThingsD
  • Yahoo Has More Options Than Sale of Company, Co-Founder Jerry Yang Says via Bloomberg
  • Alibaba’s Jack Ma Says He Is Interested in Buying Yahoo [old news] via Bloomberg
  • A $16 To $18 Private Equity Deal Would Undervalue Yahoo's Assets [I agree!] via Seeking Alpha

YHOO closed yesterday (02011.10.19) at $15.94. 52-week range: $11.09 - $18.84

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