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Yahoo stock tumbles to 4-year low as turnaround hopes fade

Read ArticleArticle Source: San Jose Mercury News
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Yahoo Inc.'s sagging stock drooped to a four-year low Wednesday as impatient investors expressed their exasperation with a turnaround strategy that seems to be progressing at the stuttering speed of a dial-up Internet connection.

The Sunnyvale-based company's inability to snap out of its financial stupor after more than a year of trying is raising questions about whether Yahoo's comeback attempt has become an exercise in futility.

"I'm not sure why anyone would want to own the stock right now," said analyst Clayton Moran of the Stanford Group.

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How low can Yahoo's stock go?

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  • 1 vote
Reply#1 - Wed Jan 30, 2008 8:40 PM EST
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