CHART OF THE DAY: Yahoo Shares Are Quietly Soaring Under Marissa Mayer
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The three big reasons for the stock's lift: Mayer brings some excitement to the company, she's returning billions in cash to shareholders, and Yahoo still has valuable stakes in Asian tech companies.
This is a nice lift, but it's also something of a sugar high. Yahoo's fundamental earnings performance hasn't improved dramatically. All the goodwill Mayer has built with investors could evaporate if she doesn't improve its business.
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