Thursday, January 7, 2016

Yahoo! (YHOO) Continues to Suck

Yahoo! (YHOO) is seeing increasing pressure to fire its CEO Marissa Mayer. I like Mayer and I think she deserves more time, but today (02016.01.07) there are reports that Yahoo! might fire 10% of workforce and that didn't help YHOO shares. At 10:24am MST, YHOO is down almost 5% for the day. More often than not workforce reductions are treated as good news. My guess is Yahoo! has bloated workforce, so its disappointing that YHOO is now almost within 10% of making a new 52-week low.

YHOO closed yesterday (02016.01.06) at $32.16. 52-week range: $27.20 - $50.41.

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