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Power Sellers Unite
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psunite
Joined: 27 Jan 2005
Posts: 6213
Location: Columbus OH
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| Posted: Wed Apr 20, 2005 12:14 pm Post subject: EBay Seeks to Double Authorized Shares |
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Internet auction site eBay Inc. is seeking to double the number of its authorized common shares to 3.58 billion, which would allow it to keep splitting its stock.
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Guest
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| Posted: Wed Apr 20, 2005 11:13 pm Post subject: |
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They seemed to have weathered the first quarter in spite of loss of traffic. Apparently PayPal saved the day in their revenue and earnings.
More pressure will be added (with the additional share authorization) to keep the shares P/e ratio at current levels. Usually when companies do that they either do a forward stock split or just issue news shares for further capital raising. In the not too distant future,a further price increase, or revamping their business model could be in the works in order to sustain that. STranger things have happened to companies when they get this size. Looks like the auction format is in the drivers seat for ecommerce, which I think will benefit all auction sites.
Snappyman |
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