Gabelli Maintains a 'Buy' on Yahoo! (YHOO); At This Price, A Lot Is Basically Free

July 18, 2012 10:10 AM EDT Send to a Friend
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Price: $45.85 +0.48%

Rating Summary:
    21 Buy, 19 Hold, 4 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 29 | Down: 43 | New: 4
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Gabelli maintains a 'Buy' on Yahoo! (NASDAQ: YHOO).

Analyst, Brett Harriss, said, "On July 17, 2012, Yahoo! announced Q2 earnings broadly in line with expectations. This follows the July 16 appointment of Marissa Mayer to the CEO position...We estimate a 2013P PMV of $31 per share based on our sum-of-the-part analysis. We believe a completion of the announced Alibaba Group transaction and continued share repurchases will act as near-term catalysts. We also believe continued value creation at Alibaba Group, Y!J and Yahoo.com will drive share appreciation. At current prices, we estimate investors receive the core US business, Yahoo.com, and its $1.6 billion in EBITDA for free."

For an analyst ratings summary and ratings history on Yahoo! click here. For more ratings news on Yahoo! click here.

Shares of Yahoo! closed at $15.60 yesterday.


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