In November, I told you about a company I suggested as The Market‘s Next Big Turnaround Story. And if ever a company had room to turn around, then it was this Silicon Valley stalwart. Its stock peaked at $108 a share on the last day of 1999. Then came the “Dot-com” bust. Within two years the shares had fallen to a low of $8. Most… Read More
In November, I told you about a company I suggested as The Market‘s Next Big Turnaround Story. And if ever a company had room to turn around, then it was this Silicon Valley stalwart. Its stock peaked at $108 a share on the last day of 1999. Then came the “Dot-com” bust. Within two years the shares had fallen to a low of $8. Most of the ensuing decade has been spent playing catch-up to a new wave of competitors. The brand was — and still is — iconic. But in recent years, shares have floundered. And since 2008 the company has chewed up and spit out four CEOs. Then, this past July, the company “got what it wanted,” in the words of Amy Calistri, chief investment strategist for Stock of the Month. Amid much fanfare, Yahoo! (Nasdaq: YHOO) named as its… Read More