How is value measured? Analysts talk and write about a stock because the company creates value. Does "value" mean "cheap?" Buy low, sell high. That formula is not working with Facebook (ticker: FB) at the moment. That’s more like buy high, short sell, but we recognize that it is early for FB and its “friends.” Yahoo (ticker: YHOO) went public in April 1996 at $24.50. At year-end 1996 Yahoo’s market capitalization was $16.9 billion. On January 3, 2000, Yahoo reached its share price zenith, $118.75, valuing the company at $126.8 billion. Today YH...


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