Topic: How To Invest

Pat: Can you give me your opinion on Yahoo! Thank you.

Article Excerpt

Yahoo! Inc., $24.65, symbol YHOO on Nasdaq (Shares outstanding: 1.1 billion; Market cap: $26.9 billion; www.yahoo.com), launched in 1994, offered one of the Internet’s first search engines. It has become one of the Internet’s most popular destinations for content, search and navigational services. Yahoo’s sites also have a range of other features, including shopping, auctions and email. The company’s yearly revenues rose from $953 million in 2002 to $7.21 billion in 2008. Since then, they have worked their way down to the $5 billion range, and stayed there for the past couple of years. Earnings, however, moved up from $0.43 a share in 2009 to a projected level of $1.10 this year. In July 2012, Yahoo appointed Marissa Mayer as president and CEO. Mayer joined Google in 1999 and helped develop many of that company’s most popular services. Before she left, she was a vice-president at Google. Mayer recently ended Yahoo’s policy of letting some of its employees, mainly programmers, work from…