YHOO Update

The YHOO shares I bought last week are up about 10%.  Microsoft didn’t renew its buyout offer as I had hoped, but I timed the purchase pretty well.  And I’m in good company — the latest news is that Carl Icahn, a famous corporate raider, has accumulated 50 million YHOO shares since Microsoft pulled the offer and may seek control of Yahoo’s board in order to get a buyout deal done.

To put that in perspective, if I had bought 50 million shares instead of the handful I bought, my gain in the past week would be $139 million.


4 thoughts on “YHOO Update

  1. Pingback: YHOO Update « Finding Balance

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s