Microsoft quarter results are out. Huge surprise: yesterday in "Fast Money" everybody agreed that MS is going to crash estimates. It actually means that "crash" was priced in MSFT. With real results just so-so, stock fell in after hours trading (of course!).
I like this article in Seeking Alpha. Especially the table. As you can see, most divisions stagnated or posted results worse than last year. Online division (spelled M-S-N) lost more than a quarter billion! I was wrong in my previous post (this one), MSN is already losing close to a billion a year. If Microsoft somehow succeeds in buying Yahoo!, they can easily double this loss. Even for Microsoft, it's a little bit too much.
I repeat myself: Microsoft is a sell. If they buy Yahoo!, it might be sell short.
Full disclosure: at the time of publication author did not have positions in stocks mentioned in this article. Positions can change at any time.
Disclaimer: This article is not intended as an investment advice. Every person should make her/his own investment decisions based on all available information and advice from her/his own financial advisor.
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