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BGC: Yahoo! Is a Buy Even if You Don't Like Its Core Business

Yahoo! is set to report quarterly results on Tuesday after the closing bell.

Yahoo! is set to report quarterly results on Tuesday after the closing bell and while some analysts expect the numbers to be down slightly from the same period last year, there may be some valid reasons to buy the shares. BGC Financial's Director of Research Colin Gillis says he's bullish on shares of the company because the sum of its parts are very valuable. Gillis says, 'If you look at the stock, the bulk of that is in assets that are held in Yahoo! Japan and their stake in Alibaba. There is a lot of value there waiting to get unlocked.' Gillis said there is a high probability that the remaining assets are monetized in a more efficient manner with regards to tax liability. BGC has a 'BUY' rating and a $50-a-share price target on shares of Yahoo!. TheStreet's Ruben Ramirez reports from New York.

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