neglus
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posted on January 23, 2004 08:23:10 AM new
Thought I would post this for all the eBay doomsday predictors:
http://www.fool.com/news/take/2004/take040122.htm#ebay
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ebayvet
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posted on January 23, 2004 08:59:04 AM new
It's hard to believe they got that much more business, but ebay falls into the business plan of a lot of organizations. I am involved with a startup non profit organization here, one of those that you can deduct from your taxes if you donate, and ebay is definitely a part of the plan to raise funds to run the organization....very amazing!
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Damariscotta
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posted on January 23, 2004 09:00:09 AM new
Don't worry. I am sure one of them will be able to spin this into either a conspiracy theory or a sign that the end of eBay is upon us.
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parklane64
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posted on January 23, 2004 11:21:43 AM new
Yeah, eBay is raking in the dough; therefore, all the people pointing in alarm must be wrong.
I mean, after all, who wouldn't jump on the chance to ride the Hindenburg?
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uaru
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posted on January 23, 2004 11:58:55 AM new
I mean, after all, who wouldn't jump on the chance to ride the Hindenburg?
That $18 share of stock when eBay went public in September 1998 after splits, is worth $824.28 as of a few minutes ago. Is that your idea of a ride on the Hindenburg? 
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reamond
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posted on January 23, 2004 01:05:33 PM new
It's only worth $824 if you sell it.
In any event, the P/E is way too high. Someone is going to get caught when the growth stops.
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uaru
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posted on January 23, 2004 03:23:03 PM new
It's only worth $824 if you sell it.
You must work for the treasury department.
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Reamond
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posted on January 23, 2004 03:29:45 PM new
Not Treasury. In fact it is a quote from investor Peter Lynch.
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ltray
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posted on January 23, 2004 03:42:11 PM new
Did Peter also mention that only a privileged few were able to buy Ebay at $18. By the time it hit the public tickers, it was $42.00. Of course that was a few splits ago and would have still be a good investment, but Genius that I am, I thought it was way over-priced then. I held onto my AOL instead!ARRGH!!!!!
But as for owning your own business.. That is a misnomer for probably 85% of business owners, their business owns them!
Why do they do it. Freedom of choice. If you need someone to push you out of bed in the morning to go to work, self-employed is not for you. If you look forward to producing, delivering and being self sufficient, you'll succeed in your own business or that of others. Go figure...
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auctionACE
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posted on January 23, 2004 03:43:37 PM new
The reports all say that ebay international markets are groeing faster than the USA market. That's where most of the growth is coming from. The laws of supply and demand are getting very equal at ebay as most profit margins are very thin.
-------------- sig file ----------- *There is no conclusive evidence that life is serious*
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neroter12
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posted on January 23, 2004 08:19:02 PM new
just doing the 'bump' here.
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mcjane
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posted on January 23, 2004 08:29:29 PM new
I'm happy. I sold most of my eBay stock about three years ago, but kept 15 shares that has since turned into 80.
[ edited by mcjane on Jan 23, 2004 10:40 PM ]
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parklane64
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posted on January 23, 2004 10:26:57 PM new
Gee, I guess I'm just a yokel. Maybe it would be a good idea to put all of your money into eBay stock. Show your faith.
The Hidenburg was an engineering masterpiece that in one fell swoop managed to strangle a new, promising, and ecologically friendly technology. I used that analogy for a specific reason, fo'.
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pelorus
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posted on January 24, 2004 01:57:50 PM new
I've been thinking the PE is too high for 5 years. Doh!
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Reamond
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posted on January 25, 2004 08:51:09 AM new
I must agree that buying eBay stock is a much smarter idea than selling on eBay.
Just ask yourself -- How many people have become millionaires by selling on eBay ? NONE.
How many people have become millionaires buying/getting optioned eBay stock ? Thousands if not millions.
We all must admit that buying eBay stock several years back was much smarter than selling on eBay.
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