posted on February 15, 2005 08:54:00 AM
Well, after watching ebay stock go up and up for years, and after paying ebay thousands of $ over the years, I finally bought some shares. Just another way to profit from the ebay phenomenon.
posted on February 15, 2005 09:26:48 AM
I picked some up too. The ratings aren't looking so hot right now, but as I've said before, eBay ain't stupid.
We'll see if that was a good or idea or not...
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Replay Media - The best source for board games, card games and miniatures on the web! http://www.replaymedia.com
posted on February 15, 2005 10:05:22 AM
P/E (ttm): 75.05
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Replay Media - The best source for board games, card games and miniatures on the web! http://www.replaymedia.com
posted on February 15, 2005 10:29:18 AM
The PE has been at least 75 for years. But when the stock dropped from 125 to 80 recently, it presented the best buying opportunity in a long time. And ebay, which swats all potential competitors like little gnats, still has a lot of upside potential. It's in the same dominant position as IBM, AT&T, and Kodak were in the past.
posted on February 15, 2005 10:42:02 AM
Don't forget... it splits tomorrow.
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If it's really "common" sense, why do so few people actually have it?
posted on February 15, 2005 03:09:27 PM
Meaning if I have 50 shares at around $84 each, tomorrow, I'll have 100 shares at $42-ish, right?
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Replay Media - The best source for board games, card games and miniatures on the web! http://www.replaymedia.com
posted on February 15, 2005 03:59:06 PM
replaymedia Correct! but your "slice of the pie" is the same. Do not know why everyone gets excited over stock splits. It gives the small invester an opportunity to buy the stock at a dollar price which does not look as expensive and makes it easier to buy in 100 share blocks and nothing more. As far as the P.E. ratio, (75:1) there better be a lot of growth in this stock to justify that. Perhaps Ebay is expecting their China venture to satisfy that growth. Doubt that it can be sustained in the U.S. sector alone.
buyhigh
posted on February 15, 2005 07:24:13 PM
It's in the same dominant position as IBM, AT&T, and Kodak were in the past.
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All of which would have been underperforming stocks over the last 20, 30, 40, years....relative to the rest of the market. Except all 3 did have dominant patent positions and actual products....which sold well in their time. All were mismanaged and underperformed stock-wise.
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.Unlike Ebay....which has a dubious patent position, and no product....but does share the mismanagment part so far. They'll be part of history 20 years from now, as they have no underlying dominant product like the 3 companies you mention. Good luck to the innocents who buy the stock, you have no idea what you're doing. Take any fleeting profit...you'll have you're chance. But don't put Ebay in your IRA....the stock will be a penny stock probably within 10 years.
posted on February 15, 2005 09:27:52 PM
And all three of these underperforming stocks have consistently payed a dividend. Ebay does not because it is strictly a growth stock. When growth lags, the stock falls.
buyhigh
posted on February 16, 2005 12:36:51 AM
We own eBay stock and fortunately bought it at $24. We were looking great when it was over $100 and now, well....still doing "ok".
