Yahoo’s Stock Is Like a Falling Knife
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.
Comments
having been with yahoo since april 1996 when it went public i can say that it has truly missed many an opportunity…it was the google of the late 1990s…let that be a lesson for all the gaga-eyed google lovers (most of the media)
Posted by Sam Harrison at September 2nd, 2008 at 4:24 pmBlame Microsoft for delaying the inevitable by 6-7 months.
Posted by Nirav Bhavsar at September 2nd, 2008 at 6:47 pmI never hawk my own blog here, but today I posted about how disgusting it is to hear the excuse-making at Yahoo, Palm, Motorola, and so on about how they used to be a contenda etc.
Since the Buyout Circus left town there hasn’t been a peep out of Yahoo about bold new strategy, new products, nothing. Stop boring us. Investors, please, last one out turn off the lights.
Posted by Mac Beach at September 3rd, 2008 at 3:47 pm