Icahn calls on eBay to sell 20 percen...

Icahn calls on eBay to sell 20 percent of PayPal in an IPO

There are 2 comments on the The Hartford Courant story from Mar 19, 2014, titled Icahn calls on eBay to sell 20 percent of PayPal in an IPO. In it, The Hartford Courant reports that:

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.

Join the discussion below, or Read more at The Hartford Courant.

Since: Nov 13

Sydney, Australia

#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 Ho’s delusions of converting eBay into the world’s “Westfield Mall” of online shopping? Well, in late 2007—when the Ho appeared to already be effectively in control of eBay—eBay’s and Amazon’s 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 let’s 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 eBay’s Johnny Ho?…

Well, I suppose I could mention the demonstrable endemic auction fraud … http://bit.ly/11F2eas

Since: Nov 13

Sydney, Australia

#4 Mar 20, 2014
Toyota: Admits to Wire Fraud:$1.2 Billion Penalty

Hmmm, what then should be the penalty for eBay’s 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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