EBay takes 1st quarter loss on tax charge
Adjusted results beat expectations but the company offered weak second-quarter guidance and shares fell 4.5 percent in aftermarket trading.
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#1 Apr 29, 2014
Since: Nov 13
#2 Apr 30, 2014
eBay repatriates $9 billion from who knows where
Oh, dear me, Johnny Ho is going to have to pay $3 billion in U.S. taxes on the $9 billion he wants to repatriate from some dinky Caribbean island or, more probably, Ireland. The Ho will only have $6 billion left to spend on more non-profitable acquisitions
Undoubtedly, the only reason eBay is repatriating these funds is likely because they need the money. Regardless, want to bet that the long-suffering eBay shareholders will still see none of these profits?
Still, someone has to pay for all that U.S. defence expenditure; although, no doubt, the narcissistic Johnny Ho would not be able to comprehend any reason why the U.S. middle class should not continue to shoulder that burden in toto ...
And what does the "smart money" on Wall Street think about eBay? Well, in August 2007, prior to the GFC, when the "Pain From Bain" was already effectively in control of eBay, the share prices of eBay and Amazon were both ~$40; with eBay recently ~$52 and Amazon ~$299, clearly, Wall Street still considers eBay to be a "dog", and Johnny Ho to be a very poor dog handler ...
One has to wonder if Mr Omidyar has ever thought about just how much more fabulously wealthy he might now have been had he not ok'd the handing over of the control of eBay to the delusional, destructive, incompetent, unscrupulous, narcissistic, sociopathic Johnny Ho? Indeed, had he, in August 2007, traded in just the remaining ~108 million eBay shares, that he still holds today, for shares in Amazon, instead of ~$6 billion, his worth would now have been ~$32 billion! Now that, surely, is something for all of eBay's long-suffering "long" investors to think about, is it not?...
eBay Inc, where the incompetent mingle with the malevolent and the criminal
And what does the smart money on Wall Street think of eBays Q1 2014 performance?$52.03 (falling)
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