The site has strong customer loyalty rates and should bounce back once the economy eventually moves upwards. That may not be right away, but when investing for the long-term, you can't look at the immediate future.
To me, I look at eBay trading at $11.69 and see a real bargain. It's lost almost 62% of its value in the last year and is right near its 52-week low of $11.39, which it hit on Nov. 13. It is nowhere near its 52-week high or $35.12. This company is sound. It has no debt, $3.64 billion in cash and $2.99 billion in operating cash flow on revenue of $8.69 billion. This company should put you in contention late into the season. Keep moving the chains!- Loading Comments...
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