Zeev's Turnips - No Politics Message Board

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

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To: BarbaraT who wrote (13990)	12/17/2001 7:43:56 PM
From: lh56	Read Replies (2) of 99280

a possible put candidate, if you're interested... eBay (EBAY) 68.99 +2.40: Since the end of October, EBAY's stock has enjoyed a tremendous run (+31%)... Stock, like other etailers, benefitting from reports of better-than-feared online holiday shopping... EBAY's reputation for offering value also helping to drive interest/sales during these sluggish economic times... While you may be able to find the occasional bargain on EBAY's auction site, EBAY's stock is anything but a deal... In fact, with the stock trading at 147x and 92x estimated FY01 and FY02 earnings of $0.47 (+124%) and $0.75 (+60%), you're likely to find smaller mark-ups at Tiffany's... EBAY's p/s ratios of 27.8x and 19.5x projected sales are equally gaudy... We understand that EBAY has an attractive model, little competition, relatively high margins, solid financials and a strong management team... Long-term these assets will continue to serve the company well... The short-term outlook is a different story... Excessive valuations and stubborn nearby resistance (52-wk high is 72.74) suggest that the most prudent course of action would be to put your EBAY stock up for sale. -- Robert Walberg, Briefing.com ...or not(g) -larry

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