New Threads Only:  Add to Google Reader or Homepage
New Threads & Replies:  Add to Google Reader or Homepage
Forums are for serious investors only. GuruFocus Forum Rules.

Forum List » Guru News and Commentaries
Guru News, Stock picks and commentaries
New Topic Search
Goto Thread: PreviousNext
Goto: Forum ListMessage ListNew TopicSearchLog In
GAMCO's Larry Haverty Thinks There Is More Upside to Yahoo
Posted by: Dheeraj Grover (IP Logged)
Date: January 29, 2013 10:35AM

Larry Haverty, associate portfolio manager at Mario Gabelli's GAMCO investors, was on CNBC to discuss his views on Yahoo (YHOO) and its prospects after the recent release of its fourth quarter earnings.

-- Yahoo's new CEO Marissa Mayer is taking all the right steps. There is some acceleration in revenue, good conversion of revenue to EBITDA, and a nice job in monetizing extraordinary off balance-sheet assets
-- Yahoo still trades at very low valuations and given the competition from Google and Facebook, he will not give a very high multiple. But even with an 8x multiple the stock is worth $25.
-- The good thing about Yahoo is the very stable and marginally growing cash flow
-- Yahoo is a decent call option because if the current strategy does not bring higher growth then the likely strategy will be to merge, and he sees Microsoft as the best option.

Credit and source: www.cnbc.com, CNBC

Here is the video:







Guru Discussed: Mario Gabelli: Current Portfolio, Stock Picks
Stocks Discussed: YHOO,
Rate this post:

Rating: 0.0/5 (0 votes)





Sorry, only registered users may post in this forum.

Please Login if you have an account or Create a Free Account if you don't
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK