Monday, October 3, 2011

Case In Point

An example of how the markets are acting in a manner that doesn't make sense...Yahoo is barely up today even despite the fact the Chinese Billionaire Jack Ma was quoted over the weekend as saying he might be interested in buying Yahoo from its shareholders!

Also of note, Etrade is down 7% to 8.50 and similar to Yahoo is also on the block to get bought.  Sallie Mae, the company I've written about before as being worth $20/share, is also down 7% to $11.69/share. 

Yahoo, Etrade and Sallie Mae are too cheap not to own.  Ridiculously cheap.