eBay's Collapse, By The Numbers
By Henry Blodget
January 14, 2009: 02:24 PM ET
(alleyinsider.com) -- Why have investors dumped all over eBay's stock in the past 18 months? Because the core marketplace business has ground to a halt. PayPal and Skype are still doing well, but the same can't be said for eBay itself.
Collins Stewart analyst Sandeep Aggarwal initiated coverage today with a SELL and included the following summary. We disagree with Sandeep about the stock--with eBay trading at 5X EBITDA and 12X earnings, we think the downside is in the stock--but there's certainly no sign of life in the marketplace business.
posted on January 14, 2009 04:20:58 PM new
The thrill of bidding on Ebay is gone,long gone.
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Economic Reform act of Chairman Obama of the socialist States of America :
10 ounces of meat per month,half a yard of cotton per year per adult.
Hellilujah!
posted on January 15, 2009 04:29:48 PM new
Ebay should encourage sellers to list their items as BIN instead of auction,some of us just dont want to wait around and find out we have been outbidded in the last five minutes by someone who pays 50 cents more than we do.
*
Economic Reform act of Chairman Obama of the socialist States of America :
10 ounces of meat per month,half a yard of cotton per year per adult.
Hellilujah!
