End of quarter billing errors and last minute "pay full price now/get a credit in late August" sales explained:
Quote:eBay inc. shares were last off 3.7% to $28.62. Deutsche Bank analyst Jeetil Patel, who rates eBay hold, wrote that eBay's second quarter listings and transactions look to be pacing up 11% year-over-year. Patel calls the rate "a huge slowdown from the 20%-plus growth" exhibited in previous quarters.
http://www.marketwatch.com/News/Story/St...742F59A%7D&source=blq%2Fyhoo&dist=yhoo&siteid=yhoo
related topic:
Desperate to Boost its 2Q Numbers for Wall St eBay Resorts to Fraudulent Billing
http://community.tuliptools.com/index.ph...204.0.html
eBay UK 5p Buy It Now with Immediate Payment Listing Day Thursday 29th June 2006
http://community.tuliptools.com/index.ph...216.0.html
Sooo, since the stock hit an all-time high of almost 60 (adjusted for the 1/05 stock split) in January 2005, Pierre "It's only a dollar" Omidyar, owner of 201.6 million shares, has lost over $6 billion. What a pity, but after all it's only a dollar (X6 billion). :twistedevil:
[quote author=bargainbloodhound link=topic=4229.msg16798#msg16798 date=1151517535]
Sooo, since the stock hit an all-time high of almost 60 (adjusted for the 1/05 stock split) in January 2005, Pierre "It's only a dollar" Omidyar, owner of 201.6 million shares, has lost over $6 billion. What a pity, but after all it's only a dollar (X6 billion). :twistedevil:
[/quote]
Bargain,
I am going to borrow your quote to post on the SB. If you mind, just pink slap me. ;D
http://forums.ebay.com/db2/thread.jspa?t...2000168735&tstart=0&mod=1151520316036
Quote:"It's only a dollar"
The 7th anniversary of Pierre's stupid reserve fee comment is coming up soon. ;D
[quote author=BellisimaJ. link=topic=4229.msg16802#msg16802 date=1151520258]
[quote author=bargainbloodhound link=topic=4229.msg16798#msg16798 date=1151517535]
Sooo, since the stock hit an all-time high of almost 60 (adjusted for the 1/05 stock split) in January 2005, Pierre "It's only a dollar" Omidyar, owner of 201.6 million shares, has lost over $6 billion. What a pity, but after all it's only a dollar (X6 billion). :twistedevil:
[/quote]
Bargain,
I am going to borrow your quote to post on the SB. If you mind, just pink slap me. ;D
http://forums.ebay.com/db2/thread.jspa?t...2000168735&tstart=0&mod=1151520316036
[/quote]
Well, another thread bites the dust:
The specified topic [2000168735] was
not found.
:o
Time to dig out an oldie but a goodie, Rosalind and Auction Guild's February 2002
"IS ebaY an Enron Waiting to Happen?"
http://www.auctionguild.com/generic81.html
Quote:ebaY demonstrates their 'appearance of profit at any cost' philosophy through proforma accounting methods, creative account receivables management, and a whole scale of unknowable accounting and partnership agreements, that we are suspicious of, but can't get facts about. Though there might not be anything illegal about these practices, and we are not corporate lawyers or accountants by any means, the methods appear sleazy and not ethical to our middle class sensibilities.
They've perfected the art of "creative accounts receivable management" in the 4 1/2 years since that article was published.
Friday's 25.58 stock price is the lowest since late 2003. Meg is an idiot.Â
Quote: Meg Whitman, eBay's chief, has probably done an O.K. job overall. But because the novelty-act company she was heading hit the cultural zeitgeist at just the right time, she was portrayed as a genius. Now, as eBay faces serious competition and apparent customer fatigue, investors might have misplaced confidence in Meg's ability to pull rabbits -- or Pez dispensers -- out of hats.
http://www.thestreet.com/_yahoo/comment/...889_2.html
edit earnings due on the 19th
eBay Stock at 25.98 earnings due tomorrow after the close
Quote:Earnings Preview: EBay
EBay Seen Posting Inline 2nd Quarter Results, Declining Core Raises Concerns
Core listings have weakened in recent quarters in the U.S. and the U.K., according to Deutsche Bank analyst Jeetil Patel, but May and June showed this metric stabilizing a bit. Still, for the first half of the year, U.S. core listings grew just 2 percent and U.K listings grew 15 percent -- compared with 50 percent to 75 percent in previous quarters...
This quarter, eBay unveiled some new features that generated buzz, but aren't likely to impact earnings much.
One is eBay Express...
Quote:Keung also wrote that he doesn't expect the "Skype Me" button to really help sellers on the site close more sales, noting that many serious merchants of big-ticket items already have toll-free numbers....
full article:
http://biz.yahoo.com/ap/060718/earnings_....html?.v=1