We remain bullish on gold over the medium to long term and believe that the arguments for gold outweigh the arguments against.
We believe CFO Mike Lehman is one of the most conservative on the Street, and we have no reason to believe there are any accounting irregularities at the company.
We believe that the goodwill impairment is unsurprising given most of the other incumbent operators and wireless players have already taken these impairments for overpaying for acquisitions during the last 1990s.
We believe Yahoo! is 'priced to perfection,' and that near-flawless quarters are required to support its multiple.
We believe the recent turmoil at AOL is probably helping Yahoo!'s online advertising business on the margin.