eBay Stock Causes Nonbuyer’s Remorse
Buyer’s remorse is so last century. Thanks to eBay Inc., millions of people world-wide who had never engaged in auctions can now experience bidder’s remorse. Its e-commerce businesses have proved more durable and profitable than many believed. In fact, a glance at eBay’s share price, up 73 percent over the past year, is enough to give skeptics pangs of nonbuyer’s remorse.
The e-commerce pioneer’s full-year earnings release on Wednesday shouldn’t do anything to change that. In fact, eBay is coming off four consecutive positive earnings surprises. Going back to the beginning of 2009, its stock price has risen 4.4 percent on average on the day of its earnings release and 9.1 percent on average when reporting earnings for the first three quarters of 2012.