eBay News: Forbes says dump eBay stock

From Forbes.com

One name the gurus no longer want in their portfolios: eBay (nasdaq: EBAY). Analysts who favor the stock point out that eBay is the No. 1 global e-commerce brand, with a presence in nearly 40 markets. And the company likes to give back to its shareholders: eBay has repurchased $3.2 billion worth of stock since July 2006 and may repurchase another $2.8 billion under current authorizations.

But analysts also point out concerns, noting, for instance, that growth has slowed down in the company's two largest markets: the U.S. and Germany. EBay also has to deal with competition from rivals like Google (nasdaq: GOOG), Yahoo! (nasdaq: YHOO) and Amazon (nasdaq: AMZN), and the recently announced decision of well-respected CEO Meg Whitman to step down.

EBay's shares have slipped about 18% in the past 12 months, well off the October high of $39. The M100 decided it was time to bail.