Time to Take Profits on This Tech Trade

Billionaire Carl Icahn, T. Boone Pickens, and David Einhorn all lost money Some of the best fund managers in the world have lost money on Yahoo. I showed you a who's-who in September: Billionaire Carl Icahn, legendary Texas oil and gas executive T. Boone Pickens, and hedge-fund manager David Einhorn bought shares of the struggling Internet search giant over the past 24 months – and all lost money. The Internet search engine has a large stake in Alibaba – a leader in the Chinese e-commerce space. It also has a huge stake in Taobao, the eBay of China. Merchandise sales are growing 100% annually. Spinning off these assets would bring more value to Yahoo. However, the company's management team has done little to unlock this value prompting hedge-fund manager Daniel Loeb to call the current management team "clowns." Instead of dealing with a management team uncommitted to improving shareholder value, I suggested buying Google

Stock Forum) instead. The Internet search giant just reporting record sales and earnings. It was also cheaper (based on price to earnings) and growing faster than Yahoo. Continue reading this article

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