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EBAY CEO John Donahoe IS IDIOT: IT IS OFFICIAL NOW. BTW… MEG WHITMAN is idiot too May 10, 2011

Posted by deminvest in ebay.
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Colorful Ebay

Plain facts that anybody who is not an idiot can understand:

  • Ebay bought fast growing Skype at $3.1 B bargain price.
  • Skype continued to grow its user base, revenues and earning because it offers great services.
  • Today Microsoft wants to buy  Skype for $8.5B
Anybody who is not an idiot would have banked those nice $5.4 Billion appreciation.
But Ebay’s CEOs are idiots. This how the managed to blunder the easiest deal of their lives:

My boring March investment: I loaded 80 more Ebay shares for $994.4 March 30, 2009

Posted by deminvest in Defensive Stock, ebay, growth stock, low cost.
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1 comment so far

I wrote so much about Ebay, that I don’t have more to say. What may be interesting is today’s P/E around 8 and the fact that, from Thursday on, Skype will work on Iphones, Blackberries and Android.

Paypal and Skype are reinforcing their leadership in the fields of online payments and VOIP.

That why today I spent $994.4 to buy 80 more Ebay shares at a price of $ 12.43 each

I can’t wait to see people using their Iphones to hookup on a wifi network and fool those mobile phone companies to call for free on skype!

I may even want to buy an Iphone to call for free on skype and, after each call, use the money I save to drink a good beer paid by hated Telcoms!

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