eBay Positives Accounted For - Rob Plaza (Zacks.com)

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eBay Positives Accounted For
Apr 22, 2008 03:37 PM UTC

Rob Plaza (Zacks.com)

Return	Risk
+0.00%	MID

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Symbol	Sentiment	Start	Return	Closed
EBAY		04/22/08	-24.90%	--

4/17 - "While the company should continue to produce solid growth thanks to the strength of its business model PayPal -- along with international opportunities -- these positives are already reflected in EBAY shares.

What's more, we are concerned with slowing consumer spending, increasing competition and the potential for its profit margins to contract further. That said, the stock trades at a reasonable valuation of 18x to 19x our 2008 EPS estimate. As a result, we maintain our Hold rating and expect EBAY shares to perform in line with the overall market this year."

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