They are diluting the value of eBay’s shares.
Kinda, but not really. Each share becomes $56 and like 2 new shares. It’s more like a fat dividend than a dilution.
You should look into Cohen’s track record before assuming it’ll go nowhere.
But you won’t think an 11% swing is particularly notable.
The debt is only $20B, even then it still works out to about where it’s trading now, so still not really dilutive. And it’s still under 50% leverage, which is honestly pretty typical for a large company. Assuming Cohen actually has a plan to boost profits, that debt isn’t particularly concerning.
Give it another 84 years, you’ll learn.
Finhle is Einkorn, buy the dip.
It only touched $28 in AH Friday. On the 4th, the high-low spread was not even 10%.
They have like $9B cash, and a note from TD for another $20B, which covers the cash half.
The stock half wouldn’t even really be dilutive, since they would add the balance sheet of eBay to their own, and eBay stock would cease to exist. There are currently something like 450M shares; assuming 1B new shares at $25B to facilitate the purchase, that’s 1.45B shares of a company with a market cap of $11B + $48B = $59B., which is roughly $40/share.
Eh, a big part of GameStop’s recent strategy has been getting into collectibles trading. eBay is one of, if not the, biggest market for collectibles, and they own TCGPlayer. That said, counterfeits and other fraud is a problem on eBay. One of the proposals is to use GameStop stores as authentication hubs, so listings can be verified.
Additionally, eBay spends a lot, arguably way too much, on marketing, not to mention bloated upper level compensation packages. Then there’s the friction of the service itself, like seller caps (ostensibly to combat fraud, but a bit overzealous).
I think there’s far too much potential for improvement to call the claim “delusional”.
Honestly I think of Friday night and Saturday. Sunday feels more like its own thing,the beginning of the week. It’s the day you do any unfinished chores to prepare for the week. If sometime wanted to “meet up this weekend” I would not assume they meant Sunday, unless they wanted to grab brunch.
We can unmask Banksy but just let the Panama Papers fade into obscurity.
Well duh, Banksy defaced property, which is among the gravest sins, while the people in the Panama Papers maximized their wealth, which is the highest virtue. ^(/s)
Did they identify the source as drones? It says unknown projectiles, so Anonymous Intercepting Devices. AIDs, if you will.
one is not more true than the other because both are just philosophical ideas.
I think I disagree. One is a basically untestable hypothesis, the other is pretty much the closest we can come to objective truth.
That would be included prominently in the “sweeping socialist reform”. Absolutely a high priority, but negligible odds of success under the current composition.
Priority one is achieving a Congress that will pass RCV.
They still do good things sometimes, they generally do fewer and less bad things. Definitely need to be entirely reformed, but practically that’s a future us problem.
Priority one is dismantling the other party. Blue collar Americans love socialism when you don’t call it that. Start a “right wing” party that’s just leftism wrapped up in Jesus and 'Murica. Split the right, let the neo-libs stabilize things for a couple cycles while the 'Murica party siphons the working class from Republicans. Then, after the Republican party is dead, hard shift on the left from Democrat to 'Murica, massive mandate, start passing sweeping socialist reform.
I think the main point is “the desire and the power”. There are a few with desire, but without numbers they don’t have the power. The more people with desire we can get into seats, the more power they’ll have, collectively, to do something.
At least they’re pivoting instead of just doing both.
It’s possible that they specifically won’t in order to get info on others. But that’s me being optimistic
And I heard he was hung like this
Consider yourself lucky.
I used them exactly one time. The driver brought the wrong food, the name and order weren’t even close.
Doordash refused to send a new driver, best they could offer was a credit for not even half the price. Even escalating customer service just got the credit converted to a refund, again for less than half of the charge. The rep could not explain to me what service I had received to justify keeping most of my money.