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Technology Stocks : eBay - Superb Internet Business Model -- Ignore unavailable to you. Want to Upgrade?

To: Randy Ellingson who wrote (6769)	1/17/2001 1:19:06 PM
From: IceShark	Read Replies (1) \| Respond to of 7772

Randy, I don't really want to go into all your questions as I have left the flea behind after shorting the living beejeebers out of it and making a tidy profit. May return one day. My point was that the cash flow and net income don't mean much at first glance since investment income is so massive, but no one seems to care. Well, actually they do as they constantly use that interest income to justify the crazy price for the company. This is a classic case of poor quality earnings. You want to pay a multiple on operating earnings that are going to skyrocket, well hopefully. I have no problem with how they are stashing that cash pile if they can't find something better to do with it, but it is the result of stock offerings and investors shouldn't be paying much for that. It might be a good short here, but I'm passing at this moment.