Here’s Why Jim Cramer Says Don’t Sell Yahoo! If You Own the Shares
Jim Cramer says Yahoo's deal to add four additional board members could help get the web company back on the right track.
TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer said Yahoo's (YHOO) deal to add four additional board members with activist investor Starboard Value could help get the company back on the right track. Cramer is a big fan of Richard (Rick) Hill who will be joining the board and is currently the chairman of Tessera Technologies. Cramer said, 'This means that you actually want the auction to fail. You want these people to come in and take over the company. Make Rick [Hill] the chairman. Do not sell Yahoo!' Cramer compared Hill to New England Patriots coach Bill Belichick, 'sometimes he just brings magic.'
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.
