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”.
never met anyone exactly like me before
Cocky and broke?
[whooosh but TIE fighter sounds]
Definitely one of the Guitar Heros
It’s called “lying down”.
Fitted sheets aren’t hard. Be an adult.
Literally Holden Bloodfeast
Maybe they’re planning to release it by stage, with each release having an appropriate number of episodes?
I think that would be stereophonic
This is homophonic.
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.
Tengen Toppa Gurren Lagann