BusinessWeek runs an annual Tech’s Hot Growth Companies. The list of 50 companies is probably generated by computer and then reviewed by the editor’s, but how some of the candidates make the list, especially with flagging returns, is a great mystery.
Yahoo! is on the list, and does not belong by almost any standard. The company’s total return for the year was off 33%. Profits fell 26%. On a 52-week high/low of $43.66/$22.65, the stock now trades at $27.
Opps
Douglas A. McIntyre can be reached at [email protected]. He does not own securities in companies that he writes about.
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