eBay moved back above $100 a share yesterday. Maybe it's time to consider another split. ;-) (Back during the Boom I was amused when I
received "Split Alert!" spam... yet another red flag I foolishly ignored.)
When I look at eBay's numbers it isn't their enormous revenue growth that
impresses me so much as their great profitability.
The gross profit
margin consistently hovers above 80%, and their operating profit margin continues
to grow nicely... last quarter it stood around 35% (excluding noncash charges).
For nostalgia's sake here's something I wrote about eBay
back in the ancient past.
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