Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Softechie who wrote (97346)	7/23/2002 9:32:10 AM
From: AJ Berger	of 99280

eBay's new Toys; a $30mil Jet & PayPal I loved reading PayPal's numbers this morning. They guide the Street to .08, then announce .09, but it's really .01 when you book options taken as an expense. So the headline will read, "PayPal beats the street by a Penny", while the shareholder is stuck with a stock who's GAAP based P/E is nearly 500! And Options taken will only get worse, as more insiders get eligible for them as the month pass since the IPO. While I do admire PayPal for going from red to black, I worry that by the time PYPL insiders and eBay are done with it, shareholders will be left holding the bag. What a bunch of Shills... biz.yahoo.com

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