Uncategorized 15 Jun 2008 10:47 pm
Yahoo Puts Whole Face in front of the Shotgun
Good job Yahoo!
In only a couple months, Yahoo managed to not only lose a huge premium on the buyout of the stock, they also inked a deal with Google which will not only NOT help Yahoo! but hasten their death.
The whole Yahoo Board of Directors along with Jerry Yang should be thrown out of their office and bitch-slapped. Before Microsofts offer, YHOO was trading at the 20 level. Microsoft put in a bid of $35. A very healthy premium in a market getting crushed. Not only did Yahoo! not jump at the chance to close the deal, but Jerry Yang had nothing but contempt for the offer. He must have been channeling that girl in his high school that was too hot to notice him.
Mark my worlds. Yahoo will never hit $33.
Why? Because Yahoo! inked a deal with Google that makes Yahoo! entirely dependent on Google ads. It won’t take long for Yahoo users to skip right on past Yahoo and go straight to Google. After the conclusion of this deal, Google will have left Yahoo! entirely dependent on Google. At that point, Yahoo will be so weakened that they will either whither away and die, or get picked up at a fraction of todays price.
If I were a Yahoo shareholder (I am not) I’d ditch the shares as soon as possible and watch the carnage.
See Ya Yahoo! It was nice knowing you!!!