Posts tagged yahoo
Tiger Woods Saga Better For News Outlets Than Michael Jackson's Death
Dec 8th
I don’t really care about Tiger Woods’ personal life and think what he does is his own business. But apparently the hoopla surrounding the unfolding “transgressions” has proven extremely lucrative for news agencies, specifically Yahoo and The Wall Street Journal according to The Huffington Post. They claim that web traffic is exceeding what was experienced after Michael Jackson’s death.
While Yahoo and WSJ were the only ones to publicly say that the web traffic generated by Tiger will substantially increase ad revenue for the quarter, it will undoubtedly help out many other online news agencies as well such as, MSN.com, CNN.com, Google.com and others. Could this create a “Tiger Effect” that could boost results for these companies in the fourth quarter of 2009? I think it just might and if so this could be a good time to enter into long positions in these companies as the market has taken a bit of a beating the last few sessions and pricing is a bit more attractive.
On a side note, Tiger lost his first endorsement – although Gatorade claims it was already planning to phase out the product, their timing is quite a coincidence.
Yahoo and Microsoft In The News
Aug 6th
After the dust settled from the Microsoft/Yahoo merger fiasco, Carl Icahn got his seat on the board next to Jerry Yang and Co. Icahn’s position has long been that of continuing talks with Microsoft about a potential merger, however after reaching his compromise with Yang about board seats and abandoning his proxy battle, his motives may have changed as well.
Microsoft also recently announced a $20 Billion stock buyback over the next quarter that could be taking the place of any potential Yahoo acquisition. Microsoft has been repurchasing copious amounts of stock with its billions in cash sitting around Redmond, WA. Trading near its 52-week low, Microsoft looks like a very good buy right now.
Yahoo is also trading down significantly since it ruined its chance of a buyout by Microsoft, also trading near a 52-week low. Also in the news today is the proxy vote recount where it was discovered that Broadridge Financial accidentally “truncated” the vote results and gave the existing Yahoo board much more credit than they deserved. All the directors still received enough votes to stay in office, however it was by much slimmer margins than first thought.
