Financial bloggers Seeking Alpha have chosen eBay as number three in their all-time top ten tech stocks. They write:
eBay’s stock chart is arguably the most impressive one for the reason that unlike other Web companies of the 1994-2000 era, its genius business model was clear and investors ate it up. Unlike many companies that experienced a stock market meltdown in 2000-03, eBay’s income statement thrived, and it leveraged its balance sheet to acquire Paypal for $1.5B in one of the best Web acquisitions of all time which today contributes a growing share of its top and bottom line.
eBay is trading within a reasonable range of its all time high and considering the growth of e-commerce, its recent deal with Yahoo! and [admittedly expensive] acquisition of Skype, the company’s upside is considerable.
eBay also featured on the Top Ten Best Acquisitions list for their purchase of Paypal, and the Ten Worst Acquisitions list for Skype.
