Eric Steiman's contrarian case for Yahoo

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Published April 09, 2013

| Covestor

In a recent interview with Enterprise Radio, Covestor Manager Eric Steiman talked about why he likes Yahoo (YHOO) and Zillow (Z) and his broader approach to investing.

Steiman, who runs the Covestor Undervalued Opportunities portfolio, says Yahoo has an option to pull out of its search tie-up with Microsoft (MSFT). “If they do end up leaving, they could partner with Google (GOOG) or Facebook (FB),” according to Steiman. He also thinks there’s plenty of value in Yahoo’s Asian holding. As for Zillow, Steiman thinks the website is a big beneficiary of the current housing recovery.

More broadly, Steiman urges investors not to become too attached to individual stocks. “As a trader and investor, if you can continue to minimize the losses you will be better off,” advises Steiman. “Let the winners run and cut your losses. Don’t fall in love with each stock.”

Hear the interview, embedded below:

URL

http://www.foxbusiness.com/investing/2013/04/09/eric-steiman-contrarian-case-for-yahoo/