Yahoo: A Bigger Bargain Than Ever

Shares have slipped well below Microsoft's buyout price, and that presents a great opportunity for investors, says BW columnist Gene Marcial
A 52-week chart of Yahoo's stock price

The Street has turned against Yahoo (YHOO) since Microsoft's May 4 announcement that it would walk away from its proposal to buy the Internet giant. Don't let that mislead you. Yahoo is more attractive now than ever, especially in terms of its stock valuation. And it isn't necessarily the end of Microsoft's desire to rope in Yahoo, or Yahoo's desire to be roped. Yahoo co-founder and Chief Executive Officer Jerry Yang has said in plain words that he is still open to a deal with Microsoft.

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