Whether long or short, I'm on YHOO's side on this one. The way I see it, if I were in charge anyway...
8K a Stock Buyback program. Do something like buy back 5 million in stock and commit to do it in 2009. YHOO has the cash to do it. What would happen is this:
PPS goes up. Potential shareholder lawsuits go away due to YHOO not taking the MSFT deal. Shares bought back are added to the company's treasury and sits on the positive side of their assets sheet. Everyone but MSFT is happy.
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