Icahn calls on eBay to sell 20 percent of PayPal in an IPO
Activist investor Carl Icahn on Wednesday called on eBay Inc to sell 20 percent of its PayPal payments unit in an initial public offering, in his latest missive to shareholders.
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Since: Nov 13
#1 Mar 19, 2014
Hmmm, only a 20% sell off of PreyPal now?
Frankly, if I was Carl Icahn I would take any profit there still is in the share price, and get the hell out of eBay and let Johnny Ho continue with his destructive renovations.
The fact is, notwithstanding the nonsense that continually flows from the eBay Dept of Spin, eBay's shareholders have been, relatively speaking, going backwards since Johnny Ho took effective control of eBay in late 2007 ...
So, what does the smart money on Wall Street think about the progress of Johnny Hos delusions of converting eBay into the worlds Westfield Mall of online shopping? Well, in late 2007when the Ho appeared to already be effectively in control of eBayeBays and Amazons stock prices were both ~$40; now eBay is still only ~$57 and Amazon is ~$373.
Ah, but what about the stock splits, you say? Well, there has not been a stock split by either Amazon or eBay since 2005. But lets then be fair and look at the value of both these entities since their IPOs, taking into account their stock splits:
eBay: 3 x 2:1 and 1 x 3:1; ie 9 x $57; equates to a current sans-splits value of ~$513
Amazon: 2 x 2:1 and 1 x 3:1; ie 7 x $373; equates to a current sans-splits value of ~$2611
What more needs to be said to demonstrate the incompetence of eBays Johnny Ho?
Well, I suppose I could mention the demonstrable endemic auction fraud http://bit.ly/11F2eas
Since: Nov 13
#4 Mar 20, 2014
Toyota: Admits to Wire Fraud:$1.2 Billion Penalty
Hmmm, what then should be the penalty for eBays criminal wire fraud activities: their demonstrable, ongoing, calculated facilitation of endemic shill bidding fraud on the consumers of the world?$5 billion, perhaps http://bit.ly/11F2eas
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