&gt; It&#x27;s far from impossible for the market to value core Yahoo at less than zero; it simply means that it thinks that Yahoo is going to die and on the way it&#x27;s going to net-squander some of the other resources that are contained within a single share of YHOO.<p>Even if it does  it does not make sense to value it at less than zero. Even if the company kills the entire Panda population nobody is going to go after the stockholder. Why are you ignoring taxes?<p>Repeating an incorrect argument does not make it correct.