leapingcat

eBay: Stock Fully Valued at Current Price

Ebay as an investment and Ebay as a place to buy and sell are dependent on each other in some ways, but not as closely as some commentors would like to think that they are. The companies policies are undoubtedly driving a lot of users, especially sellers, away, but the growth of Paypal (even most of the alternatives offer it as a method of payment) and some of the other pies that Ebay has fingers in still gives value to the company. Factor in the healthy cash position, and I tend to agree with the original analysis that the present share price doesn't look too far out of line. It even makes the company look a candidate for a hostile takeover and an asset-stripping break-up (check the figures in the OP.) Probably not in the current economic climate, but things never stand still for too long.