Wednesday, February 15, 2012

No Yahoo! for Yahoo!; Make or Break Year for NeuroMetrix?

The frustrations of being a Yahoo! (YHOO) shareholder never let up. Yesterday (02012.02.14) Yahoo! announced that it had terminated talks about "selling" its Asian "holdings." YHOO closed down 4.6% for the day at $15.37. Volume was 88.6 million vs. trailing-3-month avg. of 20.1 million. Yahoo! remains a Silicon Valley Peyton Place.

NeuroMetrix (NURO) reported 4Q'11 results prior to the market opening today (02012.02.15). The company has significantly diluted the holdings of existing shareholders to raise cash to grow its medical device business to "diagnosis and treat the neurological complications of diabetes." From the 4Q'11 press release: "NeuroMetrix reported net cash consumption of $1.4 million in the fourth quarter of 2011 and ended the period with cash resources of $10.3 million." Earlier this month NeuroMetrix raised $7.5 million by floating more stock. NURO closed yesterday at $0.91. 52-week range: $0.89 - $3.78.

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