Since Mayer took over the helm at Yahoo, she has acquired several small companies mostly startups. The objective is not only to acquire the unique products and applications but to also procure the best talents hired by these organizations.
The company reported earnings on last Wednesday, which set the stock out on a roller coaster ride. The earnings report showed better than expected sales and profits. However, the company has lowered the forecast for the number of vehicles that will be delivered in the current year.
So I have a sweet spot for this company as I think luxury products have a bright future as more people moving from low class into the middle class around the world.
Any views? The company also pays out a 2.5% dividend yield which seems quite attractive in this world of zero interest rates.