Stone Fox Capital graduated from the University of Tulsa with a double major in accounting & finance. He's been interested in the stock market since college and began managing investments for friends and family more then 10 years ago. He now has a goal of starting his own investment firm -... More
Not really sure why the owners of EBAy would sell 34% of the stock for $24. All the news of late is how previous owners of companies such as Skype and others have been buying back their companies from them at much lower prices. Doesn't sound a good company to be a controller not to mention that GMKT was doing just fine on its own. To have EBAY involved in my business I would want a much higher price. Guess we will see if the deal gets done at $24 on Thursday as expected. At that price, the stock will probably be dead but for now its still 20% below that level.
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EBAY deal doesn't make sense or cents 1 comment
Not really sure why the owners of EBAy would sell 34% of the stock for $24. All the news of late is how previous owners of companies such as Skype and others have been buying back their companies from them at much lower prices. Doesn't sound a good company to be a controller not to mention that GMKT was doing just fine on its own. To have EBAY involved in my business I would want a much higher price. Guess we will see if the deal gets done at $24 on Thursday as expected. At that price, the stock will probably be dead but for now its still 20% below that level.
Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.
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