posted on January 25, 2002 12:14:18 PM new
I am getting ready to send my paperwork to SSB. Any rumblin's about what PYPL is going to do after it opens?? MWEST
posted on January 25, 2002 09:52:13 PM new
I would guess that even Damon has to be most careful about what he says around this time as the IPO gets launched. Especially about rumors and possibilities. Doubly so when asked in an IPO context.
But, anyone else not directly involved care to speculate?
Paypal has already lost tons of money but has gained impressive market share. I think, however, that growth may be eroding or slowing since ebay has done so much to undermine their operations. I have no clear idea as to what market they see for their future growth. Perhaps they have an exit strategy like eventually selling out to a major bank in mind, rather than long range growth and development.
I did not ask for a prospectus so I really don't know what is being touted.
posted on January 25, 2002 10:54:26 PM new
what is SSB??
paypal may have a brigter future than some of us think??
paypal pays grand price for marketshare,billpoint has not really done that much damage to paypal ebay share with checkout,it could be becasue sales is slower on ebay these days.
that paypal debit card with 1 1/2 % rebate has some of us hooked ,but then i can get the same rebate from discover card.
one thing paypal has learned is the insight into serving e commerce which the stuffy banks have yet to find out.
they told us they have to charge us a deeper discount fee because we are risky business,they hold on to our money longer because we are risky business,they talk down to us and watch us eat chargeback as if we deserve it.
they are arrogant and ignorant SONS OF B----CE.
They are just not quick and nimble enough for cyberspace.
so where is C2IT now??
posted on January 26, 2002 06:43:07 AM new
I believe PayPal will do extremely well, they cannot help but do so, because they meet the requirements: (1) They got there first, (2) they have brand recognition, and (3) they are now profitable. Wall Street's gonna love them.
Presumably most people no longer harbor illusions about dotcom's and whether or not they are "viable" investments. Most of the belly-ups failed because the decision-makers didn't really understand the technologies upon which their companies were based, and made decisions based on wishful thinking instead of harsh realities. Those who survive and thrive today (like Alibris, eBay and -- AuctionWatch!) saw this early on and made the technology work for them, instead of the reverse. PayPal is such a company.
Harvard MBA's and "cool" innovations are window dressing and fluff for a different audience. Investment bankers couldn't care less. A business is as successful as the company itself makes it -- the rest is backroom deals and just plain luck.
Should you buy into PayPal's IPO? I'd say yes, but that's just my personal, unsubstantiated opinion (end of disclaimer).
posted on January 26, 2002 10:42:46 AM new
there is really no difference between enron hyping their stocks and dotcom owners along with their backers hyping theirs.
some did reap millions,i wonder if they still have them??at least for them it is legally safe to keep the millions,unlike enron management and board,they may have to return their millions?
may be ebay can host an enron day when employees and shareholders managed to seize management aspen homes,ski lodges,yachts,planes,oil paintings,entire wet bars,ferrari,mercedes,remington statues,designer clothes,tuxedos,diamond & fur etc.
we are already seeing distressed house for sale sign in some areas.
posted on January 27, 2002 05:14:54 PM new
I discussed PYPL with my broker at MS several weeks ago. He said not to invest in the stock, that the analysis is the price will drop after it goes public, that I won't be able to make any profits in the short-term or long-term.
