By: jezonuvu

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By: PhilipCohen

PhilipCohen — Thu, 01 May 2014 07:58:18 +0000

eBay repatriates $9 billion from who knows where …
Oh, dear me, Johnny Ho
is going to have to pay $3 billion in U.S.
taxes on the $9 billion he wants to repatriate from some dinky Caribbean island
or, more probably, Ireland.
The Ho will only have $6 billion left to waste on more non-profitable
acquisitions …
Undoubtedly, the only reason
eBay is repatriating these funds is most likely because they need the money. Regardless,
want to bet that the long-suffering eBay shareholders will still see none of these
“profits”?
Still, it’s about time
eBay contributed to some of that enormous U.S.
defence expenditure; although, no doubt, eBay’s narcissistic Johnny Ho would
not be able to comprehend any reason why the U.S. middle class, and not eBay,
should continue to shoulder that burden in toto …
And what does the
“smart money” on Wall Street think about eBay? Well, in August 2007, prior
to the GFC, when the “Pain From Bain” was already effectively in
control of eBay, the share prices of eBay and Amazon were both ~$40; with eBay recently
~$52 and Amazon ~$299, clearly, Wall Street still considers eBay to be a
“dog”, and Johnny Ho to be a very poor dog handler …
One has to wonder if Mr
Omidyar has ever thought about just how much more fabulously wealthy he might
now have been had he not ok’d the handing over of the control of eBay to the
delusional, destructive, incompetent, unscrupulous, narcissistic, sociopathic
Johnny Ho? Indeed, had he, in August 2007, traded in just the remaining ~108
million eBay shares, that he still holds today, for shares in Amazon, instead
of ~$6 billion, his worth would now have been ~$32 billion! Now that, surely,
is something for all of eBay’s long-suffering “long” investors to
think about, is it not? …
eBay Inc, where the
incompetent mingle with the malevolent and the criminal … http://bit.ly/11F2eas
And what does the “smart
money” on Wall Street
now think of eBay’s Q1 2014 performance? $52.03 (falling) …

Comments on: eBay Loses $3 Billion On U.S. Tax Victory

By: jezonuvu

By: PhilipCohen