Auctionbytes-NewsFlash, Number 38 - March 11, 2001 - ISSN 1539-5065
Previous Story |
| Next Story
Hammer Falls on eBay's Stock Price
By Ina Steiner
AuctionBytes.com
Reading AuctionBytes: Hammer Falls on eBay's Stock Price
eBay's shares dropped over 12% on Friday after Lehman Brothers analyst Holly Becker issued a cautionary report on the company. eBay's stock tumbled more than $5 a share in midday trading to $34, off 65% from its highs last year. Calling the valuation on the stock "rich," Becker stated that "The company would need to blow away 2001 estimates to outperform from its current level. Given our concerns about a slowing core business, a dependence on acquisitions for growth, and various execution risks associated with new initiatives, we view this as unlikely." While Becker admitted that eBay's competitive advantage will likely widen over time, she did not view eBay as a takeover candidate, to her disappointment.
You may quote up to 200 words of any article on the condition that you attribute the article to AuctionBytes.com and either link to the original article or to www.AuctionBytes.com.
Email this story to a friend. Previous Story |
| Next Story
Related Stories
eBay to Host Earnings Conference Call - April 18, 2001, Issue #65
eBay Reports Healthy Quarterly Earnings - 80% Higher than Last Year - April 19, 2001, Issue #66
eBay Officers File Inside-Trading Forms - May 02, 2001, Issue #74
Analysts See Rosy Picture for eBay - May 31, 2001, Issue #93
eBay Sets Aside Stock for Future Acquisitions - June 03, 2001, Issue #94
Inside Trader Information for EBay - July 02, 2001, Issue #115
eBay Q2 Earnings Jumped 84% Over Q2-2000 - July 19, 2001, Issue #127
Financial Journalist Gives eBay Stock Thumbs Down - August 01, 2001, Issue #131
Unfounded Rumors Affect eBay Stock Price - August 05, 2001, Issue #133
eBay Releases Positive 3rd Quarter Results - October 18, 2001, Issue #185
eBay Shares Fell Friday - October 21, 2001, Issue #186
eBay Investor WebCast - October 28, 2001, Issue #191
eBay Does It Again - Announces Positive Fourth Quarter Results - January 16, 2002, Issue #239
From the Editor - January 20, 2002, Issue #62
eBay Users Sell $3.11 Billion in Goods in First 3 Months of 2002, Top Ten Categories Revealed - April 19, 2002, Issue #300
eBay Releases 2nd Quarter Financials - July 19, 2002, Issue #362
eBay Growth to Slow, Predicts Analyst; Stock Drops Over 4 Points - October 01, 2002, Issue #404
Consumers Purchase $3.77 Billion on eBay in Third Quarter 2002 - October 18, 2002, Issue #416
eBay Gets Good Grades, Tougher Semester Ahead - October 21, 2002, Issue #417
eBay Users Buy $4.6 Billion in Goods in 4th Quarter-2002 - January 17, 2003, Issue #464
eBay Users Buy $4.6 Billion in Goods in 4th Quarter-2002 - January 17, 2003, Issue #465
eBay Inc. Reports Record Revenue, $5.31 Billion GMS, in First Quarter 2003 - April 23, 2003, Issue #524
No Suprises at eBay's Annual Stockholder Meeting - June 26, 2003, Issue #565
'Another Great Quarter for eBay,' CEO Reports - July 25, 2003, Issue #582
eBay Inc. Announces Third Quarter 2003 Financial Results - October 17, 2003, Issue #630
eBay Users Buy $24 Billion in Goods in 2003, Company Raises Guidance - January 22, 2004, Issue #686
eBayers Buy $8 Billion in Merchandise in First 3 Months of 2004 - April 22, 2004, Issue #745
eBay to Hold Annual Shareholder Meeting Prior to eBay Live Conference - May 06, 2004, Issue #755
eBay Users Buy $8 Billion in Goods in 2nd Quarter, 2004 - July 22, 2004, Issue #811
eBay Users Buy $8.3 Billion in Merchandise in 3rd Quarter - October 21, 2004, Issue #874
eBay Releases 2005 First Quarter Financials - April 21, 2005, Issue #1001
Discuss this story in our forums.
