Cramer (of CNBC) thinks PayPal is still winning over Google Checkout, this despite Google giving the service free of transaction fees for the next year. In a change of position he recommends buying eBay stock as it’s undervalued.
Crammer also likes shopping.com yet another reason the group (who’s day to day operations were taken over in July by Josh Silverman back in July) is becoming more and more important to the eBay group as a whole. This is one area of eBay’s portfolio worth watching with business reportedly up this quarter by some 40% compared to last year.
PayPal success, shopping.com, a deal with Yahoo and Baidu.com along with some $3.2B in the bank have convinced the analysts that eBay is ending the year in fine shape and stocks are undervalued.
