Yahoo’s Stock Is Like a Falling Knife
by Kara Swisher
Posted on September 2, 2008 at 4:05 PM PT
And BoomTown has to wonder who is going to try to catch it without getting sliced and slashed.
As we noted earlier about Yahoo’s dicey situation, in a back-to-school post about what various Internet companies need to focus on in the months ahead:
Simply put, time is running out for the languid stylings of Yahoo management, whom I hope have been ferreting away since the controversial annual meeting at the start of August on a plan to jack up revenues and profitability, and pronto.
Unfortunately, many employees I have talked to recently still report a disturbing lack of urgency on the part of the company, whose stock has sat too close to $19 a share for too long now.”
Now, it is less than that as Yahoo (YHOO) shares have descended even lower, to close this afternoon at $18.75.
This chart from Yahoo Finance tells the tale clearer than I ever could. But if it keeps declining, there will surely be lots to talk about.
