Currency Exchange

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Pointing at decreased listing volume, slower than expected growth, and issues of currency exchange rates, Kaufman Bros. analysts have downgraded shares of eBay Inc. (EBAY). Kaufman analyst Aaron Kessler indicates that his company remains positive on eBay, even though it has downgraded the stock from buy to hold.

It would seem that the issue of currency exchange might be the greatest concern here, as many of us wait to see how valuation of the yuan shall unfold. If the yuan appreciates significantly, which it probably won’t, it could mildly affect eBay’s listing mix, but probably not to any noticeable degree.

Continue reading eBay Stock Dips, Still a Good Deal?

eBay Stock Dips, Still a Good Deal? originally appeared on BloggingStocks on Fri, 09 Apr 2010 17:20:00 EST. Please see our terms for use of feeds.

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