eBay will continue to grow, but most investors missed the boat on this one when it was sitting at just over $14 at this time last year. That was a ridiculous valuation for such high margins, cash flow, growth potential, and balance sheet. Now its about fairly valued, maybe slightly overvalued. No word on valuation in the article, although the business analysis is solid, IMO.
eBay: Growth at the Right Bid [View article]
Steve