Daniel Loes is back to his prime form in the most recent letter. Back in the day Dan Loeb aka Mr. Pink was widely known for his acerbic letters and punctilius wording. In the most recent letter to the Yahoo! Board of Directors he questions their abilities and states they are living in an "Alice in Wonderland world".
I am interested to see how this develops as I personally think Yahoo! is very undervalued.
Loeb YHOO Letter