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Yahoo might be keeping everyone occupied with news related to launching a new service to pulling the shutters down on one but what remains the most glaring of facts is the continuous decline in its share value. The current share breaks all lower bounds that the company has ever seen the last half decade.
The company had put down its deal with Microsoft and its board (particularly Jerry Yang) faced immense criticism due to their stubbornness in relation to the Microsoft deal, while the shareholders watched the game showing their discontent as well, something that was prominent in the Shareholders meeting. No matter how optimistic and convincing Jerry Yang tried to sound about Yahoo’s bright future, things aren’t in the best shape at present.
BoomTown put the current stock shares at less than $19 a share, the lowest in the last many years. Yahoo is known for making bad moves at the right time and things eventually turn sour for them. The graph below just shows the slump that has been consistent at taking the plunge to the depths. Aren’t the shareholders about to put an assault on Yahoo Management?
Looks like a good time to buy Yahoo stock then. Yahoo is still the most visited website on the planet. 2 things are blatantly obvious here:
Either the Yahoo stock value represents the relative value of every other web stock (i.e. they are all going to drop)
OR
Yahoo stock is greatly devalued right now and can only go up.