EBay is looking cheap
Posted
Jun 24 2008, 12:11 PM
by
Kim Peterson
Earnings are growing at eBay, and the company's P/E ratio is hitting a new low, Seeking Alpha points out. EBay is now at about 17.5 times TTM earnings, 14.7 times estimated earnings for 2008 and only 12.2 times estimated earnings for 2009. EBay shares are up nearly 2% today to $28.27.
So eBay is now one of the cheapest Nasdaq stocks. But Valuecruncher says that valuation is spot on.
EBay is also in the news today for auctioning off a charity lunch with billionaire investor Warren Buffett. The bidder and seven friends get to lunch with Buffett at Smith & Wollensky in New York. Bidding is up to $77,000.