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I remember those yahoo commercials when times were good
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Yahoo rejects Microsoft buyout offer as undervalued
- Thread starter petrosc
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T
tekz999
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Google Gogogo!!!
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For anyone who owns YHOO, from a stock market perspective the stock could easily return from whence it came ($19) if MSFT deal falls thru and no one else comes forward...if i owned it i would consider it a gift horse right now
Quoting myself, theres got to be something wrong with that...but see what I mean, the Market was giving them good $ and they should have taken it (you too if you own it). Yahoo opens @ 28 after MSFT offer and after 2 weeks manages to hit $30.25, today it closed at $25.85. Selling has come in here and I doubt anyone else is going to make an offer.
If I'm MSFT I'm saying to Yahoo, you know what, I'm going to lower my offer, you just aren't worth it
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Just took another look at this specific topic out of curiosity. Yahoo did continue it's downtrend, eventually going as low as $8.94 in Nov 2008. That's a 70% loss from the high of the MSFT offer I mentioned back in 2008 (above). Yahoo didn't reach this high again ($30.25) until Sept 2013. This would constitute a 5 year period of "dead money" for anyone that held on during this period, only to enjoy a price of $46.46 today.