Seeking Alpha

King4ADay

King4ADay
Send Message
View as an RSS Feed
View King4ADay's Comments BY TICKER:
Latest  |  Highest rated
  • Bitcoin Part 2: Valuation? [View article]
    John Donahoe cashed in $20 million in gifted stock and bonuses over the last few years, I'm sure he has some loose cash lying around to play with.

    Can you imagine the mess bitcoin would make if eBay/Paypal allowed them as a payment option ? The trailer trash shopping on eBay even have a hard time figuring out price + shipping is the total you pay.
    Nov 13 12:04 PM | Likes Like |Link to Comment
  • Bitcoin Part 2: Valuation? [View article]
    Sorry, bitcoin enthusiasm is entirely derived from greed. When you hear the Winklevoss name associated with it, you get the picture. Unsavory investors looking to stake a claim in the "next big thing"...

    ...but don't get me wrong. I am a huge fan of electronic currencies. When used legally, they provide a bridge between sovereign currencies in this electronic age and strike hard blow at shady companies like Paypal.

    You mentioned e-Gold, well, in all honesty, that was a genius system based on gold reserves (supposedly held by the company). The value of e-Gold fluctuated as the price of gold fluctuated but what went wrong?

    We all know the e-Gold story. It was fraught with scammers, ponzi schemes and illegal trade. Unfortunately, any anonymous payment system will suffer these same problems.

    The one thing Bitcoin has on e-Gold is that it's not owned by a single parent company but is that really a good thing? Think about it. When the feds want to make a case, they will and with Bitcoin, it seems they're going after the operators and merchants because they can't cut the head off the snake, so to speak.

    Personally,.I have no interest in Bitcoin because just like all virtual currencies, eventually it will go bust because the US government will make sure it does. Not worth wasting the time and effort.
    Nov 12 05:41 PM | Likes Like |Link to Comment
  • EBay higher with Icahn rumors in the background [View news story]
    One thing all Icahn's money CAN'T buy is the 40+ years I have on him in terms of youth. I'm sure he'd fork over anything to be in his 30's again.
    Nov 8 09:19 AM | 1 Like Like |Link to Comment
  • EBay higher with Icahn rumors in the background [View news story]
    Icahn figured out he can get his depends undergarments cheaper on eBay. Too bad he doesn't know the Chinese knockoffs will leak leading to a huge public humiliation
    Nov 6 01:50 PM | Likes Like |Link to Comment
  • eBay's Wonderful Businesses Now Available At A Fair Price [View article]
    FACT : I am not a daytrader, nor am I a disgruntled ex-seller or former eBay employee. In FACT, I am a current eBay merchant, Powerseller, 16,000+ 100% feedback, TRS with 5.0 DSR's across the board. I have been doing business with eBay for the better part of 15 years now, millions of dollars in sales and thousands of dollars paid in fees. I follow all eBay's rules, delight my customers, make eBay a better place but...eBay itself is in a downward spiral under CEO John Donahoe. My sales have dropped by almost 70% since 2010 but I'm still paying the same amount in fees. Tell me again, there's nothing wrong ?

    FACT : I use eBay and Paypal on a daily basis. I was also an early investor when I still believed in eBay.

    FACT : I probably have a better understanding of eBay/Paypal than either of you.

    FACT : eBay is a sinking ship. The reputation is tarnished. I only stick with them because there isn't a viable alternative beside Amazon where the majority of my business now goes. My business on Amazon is up by nearly 600% since 2010.

    FACT : This is a poorly written article, a basic "attack piece" against Amazon, yet the so-called author leaves out so much critical information about eBay's tarnished reputation.

    FACT : You can put lipstick on a pig but it's still a pig.
    Oct 21 11:36 PM | Likes Like |Link to Comment
  • eBay's Wonderful Businesses Now Available At A Fair Price [View article]
    As for "strong growth numbers", you are aware that as of 2009, eBay forced all it's users into adopting Paypal? Sure they give some flimsy alternatives but they also banned Google checkout which was a move that sent the marketplace segment into a tailspin and has cut Paypal out of the lucrative app market. The Braintree purchase was a feeble attempt to enter that space. Watch as Google and Apple ban Braintree for "in app" purchases.

    If marketplace was doing so well, why so many fee hikes over the last three years? Why charge sellers listing fees? Why the fees on shipping, on and on. Amazon doesn't. Considering the 50-80% drop in sales most merchants on eBay are complaining about, paying these exorbitant fees are no longer worth it.

    As for citing Warren Buffett, once again, you missed the boat that "numbers" do not a great investment make. Also, don't bet your shirt on the fact that merchants are sticking with Paypal.
    Oct 21 07:12 PM | Likes Like |Link to Comment
  • eBay's Wonderful Businesses Now Available At A Fair Price [View article]
    I just noticed, you mentioned Warren Buffett in this article. Question : Does and/or Berkshire Hathaway hold any shares in eBay? Answer : No.

    Now, to get at the answer, you have to understand the most basic principles of Buffett's investment strategies.

    First off... "Have you done business with this company and found them to be exceptional in all facets of business" ?

    Warren Buffett would shake his head if he ever tried to deal with eBay or Paypal customer service. eBay has a horrible reputation for NOT serving their customers. Furthermore, all the hidden and deceptive charges eBay levies on consumers is another HUGE red flag. Deceptive pricing, poor customer service = a bad company.

    There's a reason Paypal is always at the top of The Consumerist's "Worst Company in America" list. You'd figure, they would get their act together but eBay/Paypal are content being despised under their current Bain leadership with John Donahoe.

    btw, did you even notice, almost all the companies Paypal has rolled out it's "in-store" POS to are all Bain derivatives? So much for investigative journalism.
    Oct 21 05:15 PM | Likes Like |Link to Comment
  • eBay's Wonderful Businesses Now Available At A Fair Price [View article]
    Just Google "paypal crowd sourcing" and you'll see the most recent episode of Paypal's abberant behaviour towards app well-known app developers using crowd sourcing to fund development.

    Alternatively, you can Google "paypal freeze" and see the overwhelming number of legitimate companies Paypal has turned into loyal enemies.

    As an app developer, my company dropped Braintree in favor of Stripe the minute Paypal bought them out. Nobody wants Paypal with their clunky interface, poor customer service and and hostile knee-jerk reactions in this space.
    Oct 21 05:15 PM | Likes Like |Link to Comment
  • eBay's Wonderful Businesses Now Available At A Fair Price [View article]
    Wow, is this journalism or just a "hit piece" attacking Amazon? Face facts, consumers love Amazon, merchants love Amazon but everyone despises eBay and Paypal.

    As for Square versus Paypal, again, people trust Jack Dorsey and given Twitter's massive user base, Square has captured a particular segment of the mobile payments market, that in fact, Paypal is unsuccessfully attempting to chip away at. You can also guarantee that Amazon's PayAnywhere is going to take another huge bite away from Paypal.

    With so many new payment options available, for most merchants, TRUST and customer service are the deciding factors in who they choose to process payments through. Paypal is distrusted by countless merchants who have experienced firsthand how shady Paypal truly is and how poor their customer service is.

    You can sing the praises of eBay until you're blue in the face but thruth is, eBay overvalued at even $50 a share and will never compete with Amazon.
    Oct 21 10:03 AM | Likes Like |Link to Comment
  • How eBay Can Reach Its Lofty 2015 Growth Targets [View article]
    The ONLY way eBay could reach it's "lofty goals" is by taxing merchants who sell on eBay even further with fees BUT let's face it, CEO Donahoe already has bled the well dry from 2009-2013.

    There's nothing left in the till but resentment.

    On the other hand, Donahoe can keep up with his "smoke and mirrors" campaign. Arbitrary holds on funds, glitches that add to eBay's bottom line, etc... Won't last long.

    Do your due diligence on this company. People thought Enron wouldn't go under... Only a fool would think eBay's better days are ahead of them.
    Sep 12 08:27 PM | Likes Like |Link to Comment
  • eBay: Earnings 'Miss' Is Your Time To Buy [View article]
    Good article, but sorry, I just can't get on board with eBay. As Warren Buffett always says, the measure of a company's true worth is it's interaction with the public. eBay and Paypal are fiercely hated amongst a growing segment of consumers. Word of mouth makes and breaks companies.

    As a longtime eBay merchant, nearly 15 years now, I can tell you from the inside, this company is falling apart at the seams. Sales and traffic have plummeted in the years since John Donahoe began his "turnaround" ~ on the other hand, Amazon sales continue to increase each and every month.

    Again, as Buffett preaches, do business with a company before you invest. I have done business with eBay and I would never invest in the Titanic of internet stocks.
    Jul 22 03:59 PM | 2 Likes Like |Link to Comment
  • Google And Apple Are Crazy Not To Attempt To Acquire eBay [View article]
    You must mean "thankfully" not "respectfully"

    A client of mine added Paypal as a payment option on his e-commerce site last year despite my numerous warnings. Last month, Paypal froze his account with over $46,000 in it citing suspicious activity. The guy's been in business over 30 years with 5 retail locations across the east coast, has a stellar reputation in the community and Paypal refused to even tell him any details as to why the money is being held for 90 days.

    As for Google ever buying eBay, as MTS alluded, such a merger would only tarnish Google's reputation. Furthermore, if you've been around Paypal and eBay so long, you might remember that Google Checkout was once an accepted form of payment on eBay until eBay closed the door and forced merchants to accept Paypal. Sure, there's the Moneybookers (skrill) option but again, if you're in the know, you'd know Moneybookers was the primary payment processor for online casinos before the US made them illegal. So, in essence, eBay shut out Google but lay in bed with a casino processor.

    As a long time eBay merchant myself, I can attest to the fact there is absolutely nothing good about this company. Constant disruptive innovation, horrible glitches and the worst customer service on the planet make eBay/Paypal a necessary evil. Trust me, if there were another option, every other seller would have already abandoned ship.

    Good luck with that eBay stock. Hope you're not long.
    Jun 19 09:50 PM | Likes Like |Link to Comment
COMMENTS STATS
12 Comments
3 Likes