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Starboard Value, a major shareholder of $YHOO, said it has delivered a letter to $YHOO BoD. The letter states that the shareholders have lost confidence in the ability of present management and Board to create shareholder value. The solution to announce a change in direction of the spin requiring shareholders to wait another year is not acceptable.
Visa ($V) set to release it earning after market close today. With new CEO resigning so close to the earnings, should we expect to see any surprises? Visa has been making strong moves with Visa Europe acquisition, partnership with PayPal and a 15% increase if quarterly dividends.
Kimberly Clark Corp ($KMB) has been in decline for most of the year, the stock has also not been getting any analyst love. Will today’s earnings break the trend? Revenue has been up and down in the last four quarters, let us see what this quarter brings.
$KMB down close to 4% after it misses on earnings and revenue. Forecasts are lower for the year.