Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: American Spirit who wrote (13665)	2/28/2003 5:02:23 PM
From: stockman_scott	Respond to of 89467

15:36 ET YHOO Yahoo! -- New High Profile (20.85 +0.77) -- Update -- As mentioned earlier, YHOO took out its Jan high today and now trades at a new 52-week high; while readers need no introduction to this name, today's action confirms that the mkt believes the co's turnaround is for real, largely owing to their so-far successful strategy of lessening their dependence on ad revenue in favor of more stable paid services and broadband partnerships with the likes of SBC and BT. For example, from a 2001 earnings trough of ($0.16), the co posted 2002 EPS of $0.18, and is expected to grow 2003 EPS by 67% to $0.30 and to grow 2004 EPS by 40% to $0.42; of course, the most obvious red flag is YHOO's valuation, as the stock trades at 69x 2003 earnings and a still-rich 50x for 2004. So while the stock is showing undeniable recent strength, caveat emptor.