posted on March 16, 2001 10:45:42 AM new
Interesting article.
Since Yahoo! has an announced share repurchase plan of $500 million over the next two years, they will be able to purchase 33.33 million shares at $15 each, or by letting the share price to drop still further, 50.00 million shares at $10 each.
The stock's broken down below $15 a share, which indicates that the company is not supporting its share price at that level.
Look for $10 to be something of a nebulous support level.
posted on March 17, 2001 01:05:47 PM new
Yeah, things look rather difficult for Yahoo. Its P/E ratio is about 30 now and that looks reasonable (I've made the mistake of thinking that myself). However, that figures in the past 4 quarters, which were profitable (plus this doesn't factor in non-operating losses, which would make the P/E ratio over 100 now). Anyway, allow a few of the profitable quarters from year 2000 to roll off and roll on a few of the year 2001 quarters, which are expected to have nearly zero profit, and the P/E ratio is heading much higher and/or the stock price is heading much lower.
It's been an amazing and sudden turn of fortune. You keep looking at the numbers and it seems like they can't possibly be true.
posted on March 19, 2001 11:12:09 PM new"It's been an amazing and sudden turn of fortune. You keep looking at the numbers and it seems like they can't possibly be true."
What amazes me the MOST is that there are actually people out there who BOUGHT Yahoo stock for $200+ a share!!!
posted on March 21, 2001 09:24:05 AM new
granee >
What amazes me the MOST is that there are actually people out there who BOUGHT Yahoo stock for $200+ a share!!!
These folks are what, in industry terms, are referred to as "long-term investors".
