eBay - Superb Internet Business Model Message Board

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Technology Stocks : eBay - Superb Internet Business Model

EBAY 82.75

+2.3%

Nov 25 3:59 PM EST

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To: KeepItSimple who wrote (6043)	11/1/1999 2:25:00 PM
From: Terr	Read Replies (1) of 7772

Wish some long would explain to me in simple terms (that do not involve the words "greater fool") what rational reason they have to expect EBay's price to go up significantly from this level. Earnings growth is negative, and valuations are astronimical. Any reasonable calculation shows that EBay's earnings have to grow at 100% a year for the next 6-10 years in order to justify current price (an current price only - not more than that). Anyone here seriously expects that this will happen - even after the abysmal earnings performance of the last 3 quarters? Come on, one quarter could have been a fluke, two - a bad break, but three consecutive quarters of failure to grow earnings does not bother any long?

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