BOTTOM LINE: Yahoo reported 4Q15 results along with several key announcements indicating a willingness to sell the core business, revised strategic focus and cost-cutting efforts and a Board change. Our estimates for the value of Yahoo's component parts remain essentially unchanged. We value the stock at $35 on a YE2016 basis, with a downward revision from $36 primarily due to a recent decline in the value of Alibaba. We continue to rate Yahoo stock Buy.
Enjoying This Commentary? There's More to Love
Subscribe to MediaVillage to receive email alerts featuring the latest content on advertising, media/TV, and marketing strategies and trends, including exclusive The Myers Report research findings.