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Dear Marissa: Yahoo Still Needs to Pursue the "Harvest Strategy"

In a Private Briefing report in late September 2014, I called for Yahoo Inc. (Nasdaq: YHOO) CEO Marissa Mayer to liquidate her company and turn the proceeds over to shareholders.

I referred to this as the "harvest strategy."

That's the strategy Mayer's pursuing - in part - with the newly announced plan to spin off Yahoo's Web assets.

For shareholders, it's a step in the right direction. Let me explain why... and allow me to start by sharing a story that explains my original "call."

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