Robert Peck
Robert Peck
corrected
I think the market's already corrected for the downplay in EPS,
buyers easier negative potential
However, this is also a potential negative as well, as buyers and sellers communicating on 'the phone' makes it easier to take transactions off eBay,
available service
Any kind of service is available to them.
begun competition ebay gain increase marketing recently services trial types
Auctionshark.com has recently begun a trial of meta-auctions, ... Should these types of services gain momentum, they could increase the competition to eBay (or at least potentially increase marketing costs.)
considered elevated entire extent group higher include including internet investors multiple relative rest stock trading trailing
In the past, many investors considered it inappropriate to include a then-highflying Internet stock into the index, which relative to the rest of the group was trading at a much higher trailing multiple, to such an extent that including it elevated the entire multiple of the S&P 500.
cautious continues current ebay investors policy success weigh
As long as eBay continues its current policy on non-disclosure of these metrics, we think investors will be very cautious as to their expectations of eBay's success in China, which would weigh on the stock,
continue ebay invest pushing rebound returning trip
After returning from our trip to China, we think that eBay will need to continue to invest in 2006, potentially pushing off any rebound in near-term margins,
company disclosure goals helped improved increasing investors management result stated walking
The improved disclosure helped us as investors walking away feel more comfortable about the company's longer-term competitive position. For the first time, management stated that their long-term operational goals for the company will result in increasing shareholder value.
changes people
The changes spooked a lot of people on the call,
changes concerned far figure guided management people trying
The changes spooked a lot of people on the call, when analysts were trying to figure out why the changes were made and the changes should have already been in our estimates. I am concerned that management had guided us previously so far away from where they guided us now.
changing rating stock
I am not changing my rating on the stock (
across internet quarter question spending
The spending question was the question of the quarter across all the Internet names.
advertising commerce local online
As most commerce is local in nature, local online advertising could be a big opportunity.
continue expect fans growth likely quarter remain stern strong switch
We expect growth in the first quarter will likely continue to remain exceptionally strong as the Howard Stern fans switch to subscription radio.