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eBay Inc. Message Board

  • duce07430 duce07430 Oct 22, 2009 9:26 AM Flag

    Upgrades This Morning

    Brigantine: Selloff overblown, reiterates buy rating
    Collins Stewart: Raises Target from 29 to 32
    Kaufman: Buy at these current levels
    Bernstein: Fundamentals improving faster than anticipated
    Broadpoint Amtech: Selloff is a misunderstanding of guidance

    5 so far this morning. Might not be wise to pull the ripcord just yet. If AMZN shows strength, which they probably will, Ebay will get back over 25.

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    • Definitely overblown. This is not so much an indictment of Ebay's business, but rather of market health in general. Everyone on the street has been pointing to the fact that investors are watching out for revenue growth more than earnings growth, and have been disappointed. Ebay beats on the now all-important revenues and the street punishes it, supposedly due to negative guidance. Again, EBay must be making money on their "sponsored link" sales. This will help drive increasing revenues. I may be buying some more today, although it will take some fortitude. Good luck longs. Good call shorts.

    • Buy in the weakness as institutions do!!!

      Nice buy at this price , Bought some more at $23.95 !!!

      Easy over $25 and heading to $30 again!!

    • "revenue for the quarter came in notably higher than Wall Street's estimates as the company's core online auction business continued to show signs of improvement."

      "The fundamentals look pretty good on the quarter" Aaron Kessler of Kaufman Bros.

      "It was the company's first year-over-year revenue gain in 12 months."

      Analysts were expecting eBay to report earnings of 37 cents a share on revenue of $2.14 billion for the third quarter, according to consensus forecasts from Thomson Reuters.

      "We're strong company, getting stronger," CEO John Donahoe said on a conference call. "We're doing what we said we would do, and we're managing with focus, discipline and accountability."

      Gross merchandise volume--the value of all merchandise sold over eBay--rose 7% from the same period last year. Analysts were expecting a drop of 5% to 10%.

      In an interview with The Wall Street Journal, Donahoe also said the $2 billion sale of Skype is on track to close under the same terms the company announced in September.

      Speaking generally of the fourth quarter, Donahoe said on the call that he sees the economy as stable, "and we're cautiously optimistic about consumer spending going into the holiday."

      PayPal Strong

      For the third quarter, eBay's PayPal business once again served as a growth engine. Revenue for the unit was up 15% to $688.1 million, making up a little more than 30% of total revenue for the quarter. Active registered accounts grew 19% to 78 million, the company said.
      EBay is folding in its recently acquired Bill Me Later business into its PayPal offering. Donahoe said Bill Me Later will be available to all who have qualifying credit scores.
      EBay's marketplace business still accounted for the majority of revenue, with $1.4 billion for the quarter, down 1% from the same period last year. The company cited "strong growth" in its fixed-price format, with sales in this category accounting for 56% of total GMV for the period.
      Fixed-price sales may help eBay better compete against Amazon.com Inc. (AMZN). The online retail giant has taken some market share away from eBay in recent years with the addition of used items for sale next to new items on its site. Donahoe said media products like books, music and videos are especially popular for fixed-price sales, and these are also Amazon's most popular product lines.
      Skype revenue rose 29% to $185.2 million for the quarter.

    • Today is last chance to buy under 25. Ready Skype numbers, when you put them back in, we beat soundly. This was a good quarter.

      Going up from open!

 
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