E-Commerce Times Talkback
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Online auctioneer eBay had a first quarter to crow about, but it wasn't enough to make its management more bullish about the company's future -- much to the dismay of investors. Shares of eBay fell US$3.58, or 8.9 percent, to close at $36.77 Thursday on the Nasdaq Stock Market. After posting a profit that matched analyst estimates and exceeded its own expectations, eBay disappointed Wall Street late Wednesday by sticking with the same financial outlook it provided three months ago.
Ebay has what no other company has and will benefit from all the incorrect analysis of IT's performance and threats to IT's existence. Ebay will continue to make money and grow far beyond expectations. Ebay users know the difference. I reccommend a strong BUY as Ebay slides into home-plate!
Paul Burkett is a Business Writer and Real Estate Attorney in Montgomery, Alabama.