UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next
Author: wax Big red star, 1000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 766  
Subject: eBay, Step Up Suckers Date: 7/26/2003 5:57 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 1
Yep, for the paltry sum of almost 110 times earnings, all this and more can be yours. Step up folks, the auction is about to start! Just don't stumble on your way out, it's a long way to fall.


eBay Hits a Homer

...The company's second-quarter revenue rose 91% year over year, to $509 million, and operating income increased 91% to $152 million. Its operating margin was 30% (33% pro forma), edging ever closer to the 35% objective of 2005. Earnings per share clocked in at $0.33 ($0.37 pro forma), up 102%, while U.S. transaction revenue rose 45% and overseas auction revenue gained 146%.

eBay's operations generated $208 million in cash during the quarter, more than double last year's $92 million, but free cash flow dove due to the purchase of new office facilities -- a one-time event.

With more than $2 billion in sales expected this year, eBay is well on its way to reaching its goal of $3 billion in 2005 revenue. Meantime, the $110 stock trades at 74 times the company's improved guidance of up to $1.47 per share in pro forma 2003 earnings, and at a similar multiple to free cash flow.

The company set a 2-for-1 stock split payable on August 28.

Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next


Post of the Day:
Dividend Growth Investing

Why Companies Buy Back Shares
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.