eBay stock reality
Just a year ago the Wall Street sentiment projected deeply pessimistic outlook.
Today we hear so called ‘good news’ every where.
Last year:
Latest Retail sales figures are showing another decline. Retailers worried, deep discounting, consumers holding out…
This year:
Latest Retail sales figures areshowing another decline. But the declines are not as bad as projected…
You see the difference in attitude? Last year it was doom and gloom but this year, although the indicators are not encouraging, the media is spinning more positive outlook on economic situation at hand.
No doubt the pessimism in consumer outlook contributed to eBay sales declines past three quarters. But how do you explain this?
Net transaction revenues(1)
Dec 31 2008
EBAY Marketplaces Declined over same quarter year ago by ( -18% )
EBAY Overall Revenues Declined over same quarter year ago ( -7%)
AMZN overall Net sales INCREASED over the same quarter year ago by +18%
March 31 2009
EBAY Marketplaces Declined over same quarter year ago by ( -18% )
EBAY Overall Revenues Declined over same quarter year ago ( -8%)
AMZN Overall Net sales INCREASED over the same quarter year ago by +18%
June 30, 2009
EBAY Marketplaces Declined over same quarter year ago by ( -14% )
EBAY Overall Revenues Declined over same quarter year ago ( -4%)
AMZN Overall Net sales INCREASED over the same quarter year ago by +14%