eBay, When Monopolies Are Not Good Enough (EBAY)

Posted in pre-market 
April 22nd, 2010

eBay Inc. (NASDAQ: EBAY) is trading lower and it sold off after a mixed earnings report.  It barely beat earnings, barely, despite its near-monopoly position.  The earnings and revenue guidance metrics were in-line to weak for both the Q2 and the Fiscal-2010 forecasts.  A big disappointment, with the only good news being that it still has fairly low forward earnings multiples for a company with a near-monopoly.  Shares are trading down 6.9% at $24.48 on more than 1 million shares as of 8:47 AM EST after a $26.29 close.  The 52-week range is $14.06 to $28.37 and average volume is over 16 million shares.

JON OGG

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