eBay Disappointed in 2013, But Watch Out for a Breakout in 2014
Its shares have mostly sat on the sidelines while the broad Nasdaq Composite shot up 33% in the last 12 months.
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Since: Nov 13
#1 Dec 19, 2013
"But Watch Out for a Breakout in 2014"—Dream on ...
The only measure of a listed company’s success is its share price; Johnny Ho is now in the seventh year of his “three-year turnaround” of eBay, he’s spent a whole lot of shareholders’ funds, and still there is no sign of any improvement.
So, what does the “smart money” on Wall Street think about eBay? Well, in late 2007 both eBay’s and Amazon’s stock prices were ~$40; now, with the US stock market at an all time high, eBay is still only ~$53 and Amazon is ~$396. What more telling data does anyone need to know that Johnny Ho has been an unmitigated disaster for all concerned, except for himself, of course?
And I have to wonder if Pierre Omidyar ever thinks about just how much wealthier he might now have been had he not ok'd the handing over of the control of eBay to this incompetent, unscrupulous, narcissistic sociopath?
Since “Chairman Ho” arrived on the scene, eBay’s long-suffering long shareholders have, relatively speaking, been effectively going backwards—at a quite steady rate of knots—notwithstanding the nonsense that constantly spews from the eBay Dept of Spin …
The only people making any money out of eBay are Johnny Ho and the gaggle of like-bodied headless turkeys that he has surrounded himself with, and with whom he apparently spends all day blindly running around in circles with in the eBay executive suite.
Clearly, the message from the smart money on Wall Street is that eBay Inc. is a "dog" and Johnny Ho is an utterly incompetent dog handler ... http://bit.ly/11F2eas
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