We believe these news items merely represent headline risk and could have no meaningful impact on the company's fundamentals or the long-term opportunity of the stock. |
We believe this level of disparity is not sustainable and the stock is likely to correct this. |
We believe Yahoo!'s stock has significant upside in it, given its inflection point in revenue and margin growth, Yahoo!'s increasing market share and the conservative guidance. |
We expect that the online game industry will regain its lost respect and attention by the second half of the year. This will happen as new popular titles hit the market and the effect of potentially negative trends such as government's fatigue control or the new free-to-play models prove to be minimal. |
We have hit the bottom of the advertising slump and are seeing a slow recovery, ... Things are not getting worse, and they are getting progressively better. |
We're not looking at any cute metrics anymore. |
What investors were looking for was for spending to go lower. But at least costs didn't go up even further. |
When Microsoft came out with IE there was barely anything else available and IE was good enough for newcomers. |
While some of the slowdown ... is likely due to seasonal effects, the significant drop-off is likely the sign of a more pronounced slowing in the real-estate market. |
While the stock may have its ups and downs throughout the year, we believe it will reach $600 by the end of 2006 and we prefer to have one 12-month price target rather than raise it every quarter. |
While this may be a slower increase than we saw in 2005, this takes Amazon further away, not closer, to its goal of double-digit margins. |
With growth pushed off until 2007 and beyond, we would not be active buyers yet but rather look for potential catalysts over the next year. |
Yahoo is the largest destination for brand advertisers. Unfortunately, it has been overshadowed by search. |
Yahoo! is still seen as heavily dependent on advertising, and since there is no clear recovery in the ad market yet, people aren't getting excited about Yahoo!. In reality, Yahoo! has diversified outside its core advertising market, and growth there will help it grow the top line nicely. |
Yahoo's strong performance this quarter, beating estimates and raising guidance, repeats its performance of the last three quarters and should eliminate doubts about the company's ability to generate and grow non-advertising revenues. |