eBay: Why Longs Should Not Be Spooked
by Evan Tylenda
eBay's (EBAY) forward thinking mindset has never been more evident than in the past few years and this trend still continues today with the announcement of Q1-2013 Earnings. The company, by a hair of $.01, continues its streak of now nine consecutive quarters of beating earnings. The stock however has taken a hit due to the squishy Q2-13 forecast of $.61-.63 Non-GAAP EPS compared to analyst expectations of around $.66 a share, due mainly to a weak euro and British pound and increased CAPEX. These forecasts spooked many investors today that perhaps the company's bottom line growth may be slowing and that the company won't be able to meet full-year targets. However I interpret this in the opposite direction. I believe ebay is not a company that is a penny wise and pound foolish, it is looking to sacrifice today to capture the growth it seeks for the future. Just look at the ambitious plans in its Analyst Day press conference (Analyst Day). I will discuss some of eBay's long-term initiatives and show you why I believe it is simply positioning for long-term growth. read more »
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