InvestYoung

Yahoo Shareholder!

Yahoo Inc. shareholders are pushing the Yahoo Board to at lease sell part of the company. One of Yahoo’s biggest investor wants them to sell its search operations for around $15 billion. If Yahoo sold the search operations at that price shareholders would net about $22 a share, which is much higher than Yahoo is going for today. The big pusher of this deal is Ivory Investment Management, which also stated that the Board of Directors where “acting unreasonably” in the deal with Microsoft. The real problem is out going CEO Jerry Yang who is holding out for about $37 a share. If you don’t know already Jerry Yang is a co-creator of Yahoo and still has a lot of pull within Yahoo. He’s only stepping to the side because of some of the problems he’s created with shareholders. He’s still going to remain working with Yahoo; he’s not going away, just working in the background. I think Jerry Yang is a very smart man and the shareholders are just driven by what’s going on around them today. If they would listen to him and hold on to Yahoo stock they would make a lot more down the road. Yahoo is worth way more than the $33 a share Microsoft offered a few months ago. But shareholders are just looking to sell now instead of waiting a year till things improve. Oh well, their loss!

Wall Street Opens Up!

It seems that Wall Street will open higher in hopes that Congress will bailout the automakers. Sources close to the deal say that it could be a done deal today with President Bush signing off on it. This just shows how tough things are on Wall Street. Just news of any changes for the good can move the markets by huge percentages. And investors seem to be looking past the latest report on wholesale inventories, which dropped by 1.1 percent in October. I guess investors are looking at any good news, even if it comes has a bailout package. But reality will set in later on in the day and the markets will drop, happens every day.

Stocks Tumbled!

Today on Wall Street the stocks took a tumble because of tomorrows November employment report. I was reading that economists expect the Labor Department to report the jobless rate went up to around 6.5 to 6.8 percent. Economists also think that their going to report that companies cut about 320,000 jobs. If the report shows over 300,000 jobs cut that will push us to almost 1.5 million job cuts this year so far. That’s a whole lot of people out of work. Hopeful with a new President taking office in January things will start to change. If the Labor report for November is below what economist expected we could see a huge jump on Wall Street. It could very well show that things are starting to get better. But the chance of any go news tomorrow is very slim. We can only hope that go news will come very soon. So keep your fingers crossed for some good news.

Citigroup Bailout!

Another big company to let die, I don’t think so. Citigroup expects me to pay my bill every month, why can’t they pay their own bills. I’m so sick and tired of company’s getting bailout on the American peoples backs. I really can careless if Citigroup goes under. What I do care about is how the American people’s money is spent. And I think that most Americans are feeling cheated by their own government, as I feel the same. We should stop handing out the money to these so-called “companies to big to die.” I would also like to know what the government has in their plans to help the average American out there. Because if we become to scared to spend what little money we have left no amount of money will save any company. So stop wasting our money and start making better choices with it.