Looking for cheap stocks? look no further than the company that sells things for cheap.
Fortune Investor Daily has this article on ebay (EBAY) the stock. Our own gurufocus guru Mason Hawkins also own this stock, tones of it, 53 million shares of it, or 4.11% of the entire company. As a matter of fact, Mason Hawkins is betting 4.3% of his fund on this stock. Another guru, Dodge & Cox, also owns 3.1% of the company.
Here is the article:
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Back in 2000, shares of eBay, best known for its online auctions, hit a price-to-earnings ratio of 2,700, and were the darlings of growth investors everywhere. These days the company's shares have a new valuation about 1/300th of its old peak - its P/E is a lowly 9 based on next year's earnings - and a decidedly different fanbase. Grantham Mayo's Jeremy Grantham, Mason Hawkins of the Longleaf Partners Fund and Ariel Capital's John Rogers all have long-term track records for picking stocks that outperform the market, and all three have recently been buying eBay shares for their clients' portfolios.
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Fortune Investor Daily has this article on ebay (EBAY) the stock. Our own gurufocus guru Mason Hawkins also own this stock, tones of it, 53 million shares of it, or 4.11% of the entire company. As a matter of fact, Mason Hawkins is betting 4.3% of his fund on this stock. Another guru, Dodge & Cox, also owns 3.1% of the company.
Here is the article:
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Back in 2000, shares of eBay, best known for its online auctions, hit a price-to-earnings ratio of 2,700, and were the darlings of growth investors everywhere. These days the company's shares have a new valuation about 1/300th of its old peak - its P/E is a lowly 9 based on next year's earnings - and a decidedly different fanbase. Grantham Mayo's Jeremy Grantham, Mason Hawkins of the Longleaf Partners Fund and Ariel Capital's John Rogers all have long-term track records for picking stocks that outperform the market, and all three have recently been buying eBay shares for their clients' portfolios.
Click to read the company story
Also check out:
