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.
Learn how to make more money selling on eBay with tips, tricks, and guides from an experienced and well read eBay Seller.
Tuesday, February 26, 2008
eBay News: Forbes says dump eBay stock
From Forbes.com
No comments:
Post a Comment