Tuesday, November 15, 2011

Occupy Yahoo


Cove Street Capital's latest strategy letter is now available on the firm's website. I highly recommend checking out the new piece to see portfolio manager Jeff Bronchick's comments on the corporate governance debacle that is Yahoo (YHOO). In addition, included with the posting is what has to be one of the most poignant and perfectly fitting pieces of artwork (also shown on the right had side of this page) you are going to see this year. I believe our in-house artist Kelli Manthei has captured the management acumen of Chief Yahoo Jerry Yang (note the incredible irony embedded in that title) and HP's former CEO Leo Apotheker amazingly well by portraying Yang as Beavis and Apotheker as Butt-Head. For those of you who might not be familiar with the famous characters created by Mike Judge, spending 5 minutes on YouTube should be enough to explain why no corporate CEO would ever want to be compared to these two cultural icons.

I hope you enjoy the piece and will continue to follow Cove Street's blog.


The Inoculated Investor