At Russia’s Victory Day Parade, Putin Keeps Ukraine in the Distance
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A fighter fly-past returned to Russia’s World War II commemorations, where
President Vladimir V. Putin permitted himself a single reference to his
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ReplyDeleteDespite the modest run-up, Wall Street investors appear deeply skeptical of Yahoo's future after its latest management shakeup. CNBC is reporting that Yahoo has hired two investment banks to help it "deliver more value to shareholders" and help deal with any takeover offers "should they arise."
Our friends at 24/7 Wall Street cite five reasons why Yahoo shares are unlikely to trade much higher in the near future. Among them:
Yahoo's main value lies not in its portal business but in its 43 percent stake in China’s Alibaba e-commerce company and its 35 percent stake in Yahoo! Japan. But in both cases the majority stakeholders limit Yahoo's ability to easily liquidate the assets.
24/7 Wall Street also notes that Yahoo's display advertising revenue grew just 2 percent year-over-year in the latest quarter, while search ad revenue lost 45 percent as Google and Facebook hammered away at its business.