EBay sees double-digit growth
Naysayers said Amazon would eat the auction giant's marketplace business for lunch, but it continues to post strong growth.
The company's PayPal segment was able to grow its revenue by nearly 20 percent, and its marketplace segment, which many have thought recently would suffer greatly trying to compete with Amazon (AMZN) was able to post double-digit growth as well.
However, the bigger story many investors are watching here comes from well-known activist investor Carl Icahn, who owns a 0.82 percent stake in eBay, and has come out pushing hard for the company to split off its PayPal business, seen by many as growing at a faster pace than the core marketplace business. EBay's response so far has been a polite "No thanks."
In this video however, Motley Fool financial analyst David Hanson tells investors why he thinks this is a deal that, though it won't happen immediately, could happen further down the road.
He also sees the company's multiple of 26 times earnings to be fair for a company still growing at this pace, and sees several reasons to be interested in this stock today.
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These hot movers could rise by double digits in coming months.
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