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#	AUTHOR DATE SUBJECT
19	member 6/27/24 11:03AM we're coming for you Invida
Ebay just updated their user agreement. They're going to use Artificial Ignorance (AI): 2 view available tags
18	member 2/28/24 1:29PM Re: Re: Re: Re: Re: Re: Pretty good, Surf 17
The 13-F holders list here is wild. It's all passive. It's all tiny weight positions. Virtually no concentrated funds, or noteworthy value funds. Everyone presumably wanted to see GMV stabilize and growth return, and that's happening. I know,... login to read the rest view available tags
17	member 2/28/24 12:11PM Re: Re: Re: Re: Re: Pretty good, Surf 16
Read, "The Perfect Store," and buy some eBay shares at this "gift" price before it is too late. 1 view available tags
15	member 2/28/24 10:54AM Re: Re: Re: Pretty good, Surf 14
$25 billion fully diluted EV (inclusive of $2.6bn of net debt)$5 billion of equity investments $20 billion of actual business EV$3 billion of EBITDA 6.7x EBITDA - Returning to growth- Real-time inflation benefactor (as prices rise, revenues automatically 1 view available tags
14	member 2/28/24 10:45AM Re: Re: Pretty good, Surf 13
Sometimes it's better to look forward, not backward, when investing. view available tags
12	member 2/28/24 10:23AM Pretty good, Surf
They're turning the corner. How many users' payment and bank account information do you think they have saved? Seems valuable. 1 view available tags
10	member 1/24/24 2:09PM Re: Re: Re: Re: Future capital allocation - sorry 9
Sorry, for being a little cheeky with buybacks. Here's another angle highlighted by today's action. Elon looked at Twitter and said why do you guys have 7000+ employees for this website? Does eBay need 11,000... login to read the rest 1 view available tags
9	member 1/24/24 11:33AM Re: Re: Re: Future capital allocation 8
Why are you asking me this? I'm an old guy my models are as precise as a tin metal butter knife but 1000 employees at $200k each is $20,0000,000 0 ok I hate to do it view available tags
8	member 1/24/24 10:57AM Re: Re: Future capital allocation 7
What do you think the impact of cost cuts will be? Is it reasonable to assume $300-$400MM annual expense reduction? Thank you. view available tags
7	member 1/24/24 10:28AM Re: Future capital allocation 6
This particular "hyper" buyback program ends in 2024. Do you think there will be no more buybacks after a decade+ of buybacks? As far as capital allocation & "cut from a certain cloth" - Ex-Walmart guy... login to read the rest view available tags
6	member 1/24/24 8:39AM Future capital allocation
Surf, thanks for your write up. Do you think that the management team will be excellent capital allocators over the next three to five years (I know the history, but I also know that the... login to read the rest view available tags
5	member 1/23/24 6:37PM Re: $2b Cash Proceeds 4
there is no tax on sale of adevinta, but ebay is rolling some of the stake in the deal. view available tags
4	member 1/23/24 6:19PM $2b Cash Proceeds
How do you get to this number? Eyeballing their holdings on BBG & making the FX conversin suggests more like $3.6b? Is the delta tax or something else? Tks view available tags
2	member 1/23/24 10:07AM Re: maybe 1
I guess a lot $ here at VIC is hot money - needing performance now. But my argument is simply that eBay is here to stay. In 1999, trading was halted on Iridium shares. So, eBay... login to read the rest 1 view available tags

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			2024	2025
Price:	40.98	EPS	4.38	5
Shares Out. (in M):	519	P/E	13	12
Market Cap (in $M):	21,276	P/FCF	9	9
Net Debt (in $M):	8,192	EBIT	3,000	3,000
TEV (in $M):	24,744	TEV/EBIT	8	7

Description

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