In a program on The Street, Daniel Beckerman, President of Beckerman Institutional talked about Yahoo! Inc. (NASDAQ:YHOO) and Morningstar and said that these two companies are undervalued and not given importance in the market. He said that Morningstar gives a good buying opportunity and trades well in the market. Technology outburst has provided almost everyone to do research about smart investment decisions in the market. Morningstar, Beckerman thinks, helps other people in smart investments.
Answering a question about Yahoo! Inc. (NASDAQ:YHOO)’s latest quarterly reports and why the company is not respected among the investors even after the good results, Beckerman said that there is a perception in the market that Yahoo! Inc. (NASDAQ:YHOO) has no value at all in the future if Alibaba Group Holding Ltd (NYSE:BABA) factor is stripped off. He thinks that this perception is not true. He mentioned Alexa Rank of Yahoo’s website. Alexa is the company which grades websites on the basis of traffic and revenue. Yahoo! Inc. (NASDAQ:YHOO)’s Alexa rank is 4, which is better than Twitter and Amazon. It is strange that Beckerman used Alexa rank to prove his point because many experts don’t take Alexa rank as an authority attribute while grading any website, especially when it comes to revenues and market position. Yahoo! Inc. (NASDAQ:YHOO) has been in problems and the company is desperately trying to find new streams of revenue.
Yahoo! Inc. (NASDAQ:YHOO) has still 18% of Alibaba Group Holding Ltd (NYSE:BABA)’s stake. The company is holding it and waiting for the perfect time to get the revenue. Yahoo! Inc. (NASDAQ:YHOO) reported good results after a long time. The company is hopeful for the upcoming quarters. Yahoo bought its own shares for $7.7 billion and has spent $1.6 billion in acquisition, Marissa Mayer, Yahoo! Inc. (NASDAQ:YHOO)’s CEO told analysts recently. Sooner or later, Yahoo will have to end its dependency on Alibaba Group Holding Ltd (NYSE:BABA) for fame and revenue.
John Thaler‘s Jat Capital Management hold around 8.8 million Yahoo! Inc. (NASDAQ:YHOO) shares.
Suggested Articles:
Best Summer Jobs For College Students
Top Places To Visit Before You Die
