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eBay Inc. Message Board

  • gomarek gomarek Oct 26, 1998 11:36 AM Flag

    More net stupidity!

    eBay, was orginally priced at "what" $12 a share.
    "That's what Goldman and eBay founders thought it was
    worth".

    They then raised it to $17 and hit the ground at $54.
    Only to fall over fifty percent within only a few
    short days.

    Now, all of a sudden this TINY
    company with $1.5 million in earnings has a market cap of
    $2.5 billion.

    Hey that's only "what" a P/E of
    1600..

    Get real, if eBay has a ten fold increase in profits,
    it's forward looking P/E is still in the
    stars.

    How many of these companies do you guys have to see.
    There are 100's of eBay's out there now trading for
    fractions that were once $70-80-90 a share.

    Short
    memories . . .

 
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