eBay - Superb Internet Business Model Message Board

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Technology Stocks : eBay - Superb Internet Business Model

EBAY 81.92

+1.3%

10:18 AM EST

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To: Rich Dee who wrote (5706)	10/1/1999 11:11:00 AM
From: Terr	Read Replies (2) of 7772

Rich, EBAY's operational earnings last quarter were zero to negative. EBAY's operational earnings are going to be zero to negative this quarter (note the word operational above - the interest earnings is crap - if you want interest earnings, buy a bank stock). EBAY needs to have yearly EPS of $4-5 to justify its current price at some point. Do you expect it to grow from 0.1 to $5? How long do you expect it to take? That's why I own puts on EBAY. Unfortunately, with the lemming mentality out there, I may be wrong and will lose on those. But eventually EBAY is going down hard. Don't take me wrong, I think it is a great company. But the stock price is WAY ahead of the company's realistic prospects.

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