Tuesday, July 24, 2012

Yahoo!; StemCells; Nanosphere; Google

I took almost two weeks off from the stock market and today (02012.07.24) I've been reviewing what's going on with GDT::Portfolio stocks.

Yahoo! (YHOO) issued an important press release on Monday (02012.07.16): Yahoo! Appoints Marissa Mayer Chief Executive Officer. I found this announcement a pleasant surprise. Mayer was employee number 20 at Google. On the next day (02012.07.17) Yahoo! reported 2Q'12 results and here are two notes: (1) "Cash, cash equivalents, and investments in marketable debt securities were $2,401 million at June 30, 2012 compared to $2,530 million at December 31, 2011, a decrease of $129 million." (2) "During the second quarter of 2012, Yahoo! repurchased 30 million shares for $456 million."

StemCells (STEM) had quite a day last Tuesday (02012.07.17). STEM closed the previous day at $0.87 and on Tuesday it closed at $1.80. Trading volume was 16.9 million. Yesterday (02012.07.23), STEM hit an intra-day high of $2.26 before closing at $1.89. Trading volume remains heavy. Here's the why... StemCells, Inc. Announces Its Human Neural Stem Cells Restore Memory in Models of Alzheimer's Disease

Nanosphere (NSPH) director Mark Slezak added to his NSPH holdings buying one million shares (indirectly) at $2.40 per share on Wednesday (02012.07.18).

Google (GOOG) reported 2Q'12 results on Thursday, 02012.07.19, and they were good. My take: $3.48 billion free cash flow; $43.1 "cash"; 54,604/34,311 Googlers (includes 20,000+ from Motorola Mobile); $774 million in capital expenditures; 19% effective tax rate. GOOG closed up 2% on the release of the 2Q'12 results.

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