Altaba Inc. (formerly Yahoo) Message Board

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Technology Stocks : Altaba Inc. (formerly Yahoo)

AABA 19.63

0.0%

Nov 6 4:00 PM EST

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To: Bill Harmond who wrote (734)	6/14/1997 4:42:00 AM
From: Bill Wexler	of 27307

I don't study the charts, and I don't buy into "technical analysis". I disagree that you can compare early insider selling in Cisco with what is going on at Yahoo. The problem here is the number of selling insiders compared to total number of employees (an extremely high ratio = a big vote of no confidence), and the number of shares being dumped compared to the shares outstanding and the float. No matter how you look at it, the insiders are - in fact - "running for the exits". Not that I blame them. If someone offered me a billion dollars for what amounts to a souped-up web site that only has a single source of revenue (internet advertising: a business which becomes increasingly competitive by the minute, and has - literally - zero barriers to entry) and bleeds money, I'd be selling too. Market cap over 1 billion + Trailing 12 months of revenues = 26 million + Trailing 12 months earnings (losses) = (2.3 million) + Heavy insider selling + Less than 10% quarter to last quarter revenue growth + Negative cash flow + No real assets (beyond IPO proceeds) = Inevitable disaster for shareholders. Yahoo is simply another manipulated story stock which will make the IPO underwriters and a few insiders rich by transferring wealth from a lot of naive small investors and a few misguided fund managers. The boys who came up with the search engine may be clever (and lucky) computer programmers, and the sharks that took them public may be clever con men...but, unfortunately, there are no good businessmen running the company. And if you need any convincing, check out the last 10-Q and 10-K and carefully read management's comments.

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