This article is part of our "Best Stocks for 2011" series where our Foolish writers pick their top stock ideas for the year ahead. Click here to see�a review of last year's picks and our 12 recommendations for the year ahead.

Picking stocks during the past two years has been a pretty fun game akin to throwing darts at your local watering hole. While there have certainly been plenty of bull's eyes, for the most part just hitting the board was guaranteed points.

    Since the beginning of 2009, the S&P has advanced by almost 40%, while the Nasdaq is up nearly 70%. In fact, just last Wednesday the Nasdaq-100 came within pennies of its October 2007 peak before the market began its financial crisis meltdown. Was this a coincidence? I think not, but I'll leave the talk of double tops and market reversals to the technical analysts.

    So what does this have to do with my stock pick of the year? Well, for one I believe much, if not all, of the recovery has been baked into the stock market over the past two years. The returns have been staggering to say the least, but in 2011 I'm ready to step up my guard and play a little defense. That means becoming a more selective stock picker and looking for companies that have a large margin of safety just in case the market does roll over.

    With that in mind, my top stock idea for 2011 is a company whose CEO says, "When you get 30 miles outside of Silicon Valley and New York, it has a great reputation." Well, Carol Bartz, our CAPS community isn't too high on your company either, but I see a ton of value in Yahoo!.

Valuable assets 
   It's certainly been a tumultuous couple of years for Bartz as the leader of Yahoo!. It is a company that Bartz herself has had difficulty understanding, let alone explaining to investors. Recently, she was asked to do just that, to which she replied, "Maybe it's taken me two years, but I've got it: content, communications, media, and innovation. I think Yahoo! has always stood for those words. It went off track a bit when people thought it was a search company."

   While Bartz may not grasp exactly what the company's focus should be, she does acknowledge that it should be geared more toward Facebook than Google. With Yahoo!'s search business now in the hands of Microsoft, it can now focus on some of its high value and social assets.

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