NEW YORK (TheStreet) -- TheStreet's Jim Cramer says the doubters of Marissa Mayer and her ability to run Yahoo! (YHOO) are many, but he points out she came in when the stock was at $15 and now it's at $42.
He also notes she bought a significant amount of stock back in the mid to high $20 range, which Cramer calls "a brilliant thing." Her first order of business was to renegotiate the deal with Alibaba (BABA) so that Yahoo! could keep more than 100 million shares from the IPO, and Cramer says she did this because she understood Alibaba would go up a great deal.
Mayer is also making some changes to try to minimize the corporate tax gain. Cramer notes the revenues are nothing to write home about yet, but he calls Yahoo! a "cash machine" that can buy back stock and has been conservative with its money, unlike Google (GOOGL) with Nest or Facebook (FB) with WhatsApp.