Searching for Yahoo: Take Two?
One stock maven believes that the Wall Street collapse may reignite
Microsoft's interest in Yahoo
. The theory is that Yahoo is now far cheaper
and the value of Microsoft cash is relatively undiminished.
This could well be true, though I still think buying Yahoo is a terrible me-too
idea. And Microsoft has recently
spent $80 billion buying back its own stock (a better investment than AIG,
I dare say). Does Redmond still have the cash to snag Yahoo? And if not, can
it borrow that amount in today's market? You tell me at firstname.lastname@example.org.
By the way, we can no longer call Wall Street types gurus, experts or pundits
after losing so much money. I lost the equivalent of a fully equipped BMW 640
last week -- what about you? Stories of possessions lost welcome at email@example.com.
Posted by Doug Barney on 10/13/2008 at 1:16 PM