The new hires were to be expected. Yahoo has to rejuvenate or die. Marissa Mayer was obviously only the beginning. But as sports fans know all too well when a team rebuilds not every draft, not every trade works out. There will be surprises.
The question will be what does Yahoo do about the duds. How fast do they fix.
In the meantime the market is liking it. The short position dropped by some 26%. Yahoo is no longer the stock you love to hate. The uptick-downtick is 2.7. The dividend is far away as everyone has a very attractive stock option plan. so it`s all about swinging for the fences.
As we all know Babe Ruth struck out a whole lot and so will these guys even if they are Babe Ruth.
George Gutowski writes from a caveat emptor perspective. Follow him on twitter@financialskepti