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Stocks Y / Yahoo! Inc.
|Subject: Re: Why I'm Still Holding Onto Yahoo!||Date: 11/26/2001 5:53 PM|
|Author: bearcatjim||Number: 13818 of 15588|
You make good arguments. I was not telling you to dump it. In fact I am considering buying Yahoo! though I have never owned it before. The fact that advertising spending is off so much is very encouraging to a value investor like myself who is looking for a good company whose stock price took a hit that is bigger than warranted.
I too will wait and see what happens with ad spending before I make my decision to buy in.
One thing I think of though is the way EBay (which I bought at 47.04) has survived this decline in ad spending. They too rely primarily on ad spending. I hope the return of more such ad spending will send EBay into orbit along with Yahoo. I wonder though, what did EBay do right that Yahoo did not. Both have similar brand loyalty (name recognition) etc. Both rely on the ad revenue.
I will eagerly await the future.
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