When Yahoo! Unleashes Those Buybacks
Yahoo! (YHOO) investors were hoping to hear more details about how the company might buy back shares with the recent Alibaba stake sale.
Yahoo only bought back a little under $200 million in stock last quarter. That's not a lot when you consider that the company has earmarked $3 billion from the Alibaba sale for return to shareholders. Yet even that modest third-quarter buyback contributed $0.02 to earnings per share during a quarter that saw the company beat by $0.09 overall....419 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.