The Year of Yahoo Continues -- Sorry Google -- as CEO Semel Sings Panama Praise
We told you a month ago that Terry Semel, the ole internet boy, had some life in him yet. Just today, the Chief Executive said that Project Panama, Yahoo!’s top secret name for their new advertising platform is coming along nicely. Following his comments, Yahoo! stock is climbing, up 22% for the year compared to a 1% drop for Google. Will ’07 continue to be Semel’s lucky number?
Guy Adami likes Panama because it’s increased click-through rates. He reminds that Yahoo! (YHOO) reports in April and the street is looking for 11 cents, but Guy expects them to blow the number away. He says Yahoo! is a $36 stock.
Jeff Macke adds that Yahoo! has a lot of the same business dynamics that Google (GOOG) has – but without the lawsuits and other negatives Google faces. Jeff prefers Yahoo! over Google and recommends investors own YHOO this year.
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