Shares of Yahoo! (YHOO) have done well this week, up roughly 6.5%. Investors will hope to see the stock keep that momentum up when the company hosts its annual meeting of shareholders Thursday after the close.
There's a "fantastic" article on USA Today that offers an unbiased view on Yahoo!, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said from the floor of the New York Stock Exchange Thursday. "It's quite encouraging."
The article sheds light on there being more to Yahoo! than many people realize, a sentiment that Cramer has been reiterating as well.
Is it Cramer's favorite stock? No, but he does like some of the companies that are in the bidding process for Yahoo!'s core assets, which are currently being undervalued. Two of those companies are AT&T (T) - Get Report and Verizon (VZ) - Get Report .
"I think Verizon is one of the best stocks out there," Cramer said, adding that should Verizon win the auction for Yahoo!, it will become more of a programming company, which will command a higher valuation for the stock price.
At the time of publication, Cramer's Action Alerts PLUS had no position in companies.