by Eric Savitz, Blogger and Columnist, Barron's, Tech Trader Daily
On Wednesday, eBay will hold a meeting with analysts to discuss the current business and strategy. There is little expectation that the company will announce any dramatic moves, and concern about the health of the business remains high, as expressed by eBay’s surprisingly low P/E–the stock trades at just seven times expected 2009 results. Of the 29 analysts tracked by Thomson who follow the company, only four rate the stock a Buy or Strong Buy.
by Eric Savitz, Blogger and Columnist, Barron's, Tech Trader Daily
Priceline shares are under pressure this morning after Susquehanna Investment Group analyst Marianne Wolk cut her rating on the stock to Neutral from Positive. She says the shares have rallied significantly “and now discount more of the positive in the story,” including a resilient Name Your Own Price business, a highly variable cost structure, a declining share count and a more favorable currency environment.
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