April 21, 2007
Yahoo & Whole Foods
Posted by Gordon Smith

I usually don't talk about stock investing on the blog, partly because almost all of my (limited) money is invested in index funds and partly because I am a horrible investor. (To remind me of that fact, my Ameritrade account retains an entry for Webvan, which I thought would be a blockbuster!) I have a small fund from my Skadden 401(k) that I use to invest in two or three stocks at a time, just for fun. This is a post about my most recent investments.

A year and a half ago, I made a fair return on investment in Yahoo! Since I sold that stock, it has dropped over $10 per share. Yahoo! has been struggling, especially over the past few weeks, and many think the company is in trouble. Paul Kedrosky and I disagree. So earlier this week, after a precipitous drop in Yahoo!'s share price, I went back in. This is the first time I have purchased shares in hopes that the company would become a takeover target. But I'm hoping that for Yahoo! (Especially since the stock price has continued to decline since I invested.)

Also earlier this week, I was buying some cheese and bread in Whole Foods and thinking about how much I love the food in that store. The last time I checked the company's stock price, it was at a ridiculous level, but when I check earlier this week, it had declined to merely "expensive." So I bought in. Since then, it has increased 3.57%. Not bad for three days.

Google | Bookmark

TrackBacks (0)

TrackBack URL for this entry:
https://www.typepad.com/services/trackback/6a00d8345157d569e200d834540ea569e2

Links to weblogs that reference Yahoo & Whole Foods:

Bloggers
Papers
Posts
Recent Comments
Popular Threads
Search The Glom
The Glom on Twitter
Archives by Topic
Archives by Date
January 2019
Sun Mon Tue Wed Thu Fri Sat
    1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31    
Miscellaneous Links