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eBay: Expecting Downside as Piper Eliminates 'Top Pick' Status

Piper Jaffray, UGG et. al should pay a visit to eBay's user boards, where they are placing most "complaining" threads on the back pages, but there are also plenty on the front pages as well. Indeed, ANY analyst worth their salary should be doing far more "in depth" research into the current situation and also bear in mind almost all of the "useful" metrics eBay feeds them are annual ones. NO company can alienate the majority of it's customers and then expect success. Success breeds success, failure breeds, well nothing, except huge shareholder losses. The ONLY thing which can lead to success for eBay is for their CUSTOMERS (the sellers) to be successsful, and a sell through rate which is mostly lucky to get to 40% is hardly doing that, especially when one figures in almost 25% of the gross sales goes to either eBay or PayPal in fees.