By the way, What exactly would be the "long-term negative consequence" if Ebay continued to repurchase shares at a ratio equal to 60% of cash flow from operations? Also, what is "the threat" of spending 60% of balance sheet cash on a repurchase (at least then they would not have to spend the 60% of Cash flow from ops that you so fear).
Talk about financial spin! Citing Ebay's share repurchase as a % of quarterly cash from operations or cash and marketable securities as some sort of "threat" is comical. This guy clearly has no experience analyzing a business, and cleraly doesn't understand financial statements. Ebay could buy back $5B in stock over the next year and it would still have a pristine balance sheet.
Shuffle Master CEO Speaks About His Company [View article]
Conservative Balance sheet? Who is he trying to kid? They have more debt than revenue and are not producing much cash. I wouldn't touch this thing until they started to start generating some cash and de-levering a bit.
Akamai: Hambrecht Considers Street Margin Assumptions Too High [View article]
Sell-side research is a joke!
eBay: Beware of Financial Spin [View article]
eBay: Beware of Financial Spin [View article]
Shuffle Master CEO Speaks About His Company [View article]