Yahoo! Attempts to Increase Market Value with Investor Presentation

Today Yahoo! announced that they filed an investor presentation which details the company’s three-year financial plan and strategic initiatives. If you ask me, it is simply a meager attempt to raise the stock price so that Yahoo! can justify the denial of Microsoft’s bid to buy them out for $31 a share. It does appear to have had some effect, as the stock is up to around $27.25 which is about a 5.4% increase over yesterday’s close. However, the entire NASDAQ is up over 3% today, so much of that 5.4% increase is a result from today’s overall market sentiment. Yahoo! is still down over 9% from the high it reached shortly after Microsoft made the buyout offer. Yahoo!’s stock price still has to make up considerable ground (over a 13% from the current price) to even reach Microsoft’s bid price, let alone reach some value considerably beyond that.

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