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I was ready willing and able to come in on the
opening day. I kept calling the Broker, and it wasn't out
yet until approximately 10:00AM or so. It opened up
at $53.00 a share. I was ready to spend up to
$25.00, but $53.00 a share, I don't think so.
outstanding number of shares is 3.5 million. 3.5 million
multiplied by $53.00 equaled $185,500,000.00.
company only made approx. $850,000.00 on sales of $7.5
million last year. What is the stock really worth?
Usually one would buy the company for a little over the
yearly sales figures. In this case let's say the company
is worth perhaps $15 million. This is grossly
exageratted as well.
15 million divided by 3.5 million
shares = $4.29 a share.
There are a lot of people
betting on this companies future and at $48.50 a share,
it definitely is not going to be me!!
Is ridiculous. Unlike AOL, YHOO and AMZN.... I
simply don't see huge growth in on-line auctions,
especially considering the fact that giants like YAHOO are
now offering free auctions as competition. Sure,
their auction sites may not be as sophisticated as
Ebays yet, but given YHOO's huge financial backing I
find it hard to believe they will not soon chomp away
at auctioneers like Ebay.
Yeah, EBAY is doing great now, but competition is
here now in
a big time. If EBAY has to battle with
a small firm like uBid,
fine, EBAY has no
problem dealing with it. But remember, Yahoo
brand name and it's free. Its new auction site
needs some tweaking and improving, but as they improve
gradually, you know it's gonna be a tough battle for
EBAY is making money now, but it's not they are making
of dollars. The money they make is very minimal. As
competition becomes more intense, EBAY's revenue can
from plus to minus quickly. If EBAY wants to be the
YHOO or AMZN, EBAY has to change its business
model to more
varieties instead of just doing the p
to p business only. Let's
look at YHOO as an
example, YHOO is not just a search engine,
out many different things to increase the
Right now, I just don't see EBAY to become who's
Anyhow, EBAY is a good stock for short term, not a long
choice yet. Plus I still think the current price is
If it drops back down to 30 range later
on, it is about right.
I think Ebay is Great..............Hope it soars up to the top.I love to buy and sell on ebay, and so do alot of others.So I say Ebay strong forever....................................
I think this is a very good investment. I would
recommend it. It rises almost 300 points a day. It was at
$17.00 a day. Now it's over $200. Wait until it goes
down and crashes and invest invest invest!!!
You're an idiot - Yahoo had free auctions and they couldn't make it, then they started charging, and their market share went down to 2% vs eBay's 65%, and Yahoo claims 90 million users. Amazon, with huge debt and having never turned a profit, and with fewer users than eBay and a shrinking market share in every metric, is going to knock off eBay? Get a life.