>>Don't forget the absolutely
important revenue stream that comes from stock quotes in the U.S. and now in Japan. Yes, on
Yahoo Japan's site, in about the same place it is on the Yahoo U.S. site, are stock quotes from
Japan, and yes they already have advertisers on that site. Wait until Germany, France, England,
etc. have similar excellent stock quote sites. The profit stream for stock quotes around the world
will be astounding some day. The short sellers are so simplistic, they never bother to consider such
things. Generally speaking, Yahoo short sellers are clueless and are going to get burned very
badly, if they have not been already!<<
Every Tom, Dick and Harry on the internet gives free stock quotes. And on the sites that have advertising (instead of charging you for real time quotes) they all give the same cheap delayed quotes data streams, like Yahoo. Every person that needs quotes now has quotes, and the momentum is toward real time quotes.
Now Yahoo may be able to grab a lot of that market. To which DBC, quote.com, and the rest will respond with even better services. So there will be a business there, with a lot of competition, which Yahoo can also play in. Fabulous. Yahoo's page looks good, and here at SI we now have their quotes instead of our old quote server. And the news presentation looks good. Fabulous. If Yahoo published all of their income and expense numbers on that then I would care about the stock impact.
I would be short again on this stock but for two things: #1 being the horrible lesson taught me when I shorted this stock in the past (at 17, just before it first went to 30 around January), #2 being the fact it caught a new high for the year on Friday. Those are big exceptions.
All the fundamental data is on the side of the shorts, and all common sense. It's a billion dollar cap company with revenue like a 100 mill cap company. Until the touts, hustlers, and true believers go somewhere else to play, So What?
I'm looking for Yahoo to go higher. And someday, when there's a nice crack in the market, and the stock has plateau'd for a long time, and the stock is a little pricey for the retail investor, and short interest is much lower, and all the hustlers have gone on to greener pastures. and the stock is carrying a P/E of 800, and there has already been a substantial drop with little support, and the internet in general is a little bit punk, then I'll pile on, in a major way. Until then, I notice that the Yahoo folks do seem to be smart enough not to spend more on software development than their income from interest and advertising, so they are not going to stop showing that miniscule profit let alone go bankrupt, so I'll leave it alone.
The day of reckoning will come for this stock, but no tomorrow.
Chaz |
