eBay: Confusing Quarter, Cheap Stock
A confluence of events makes the Q2'21 results for eBay difficult to analyze. After selling the Classifieds and eBay Korea businesses, the company is now flush with cash while still loaded with other investments. My investment thesis remains very Bullish on the e-commerce stock during this turnaround period.
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Disclosure: Long EBAY. Please review the disclaimer page for more details.
Update - August 28
Not a big price target boost on a stock crossing $76 Friday. eBay might hit that target in the next few weeks.