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logoLet me declare right from the start, that I currently hold no position in eBay Inc. (NASDAQ: EBAY). However, if I did have the money to invest, I'd be buying into eBay right now as it goes down. I see eBay shares as a serious bargain right now. I was already thinking that when it 's share price hit $16. I know that I'm going against the grain again, but heck, that's what works best for me.

The company is making moves to keep its books churning numbers in the black. Never mind that I think some of those moves are absolutely rotten to the core. eBay payroll reductions have begun, and I believe that the company intends to cut about 1,000 heads total. It's a classic black ink move, tailor made to provide a positive performance facade to cover shrinking growth. Additionally, the company is cutting off the practice of allowing it's sellers to accept checks and money orders. It's a move which has angered a large number of sellers, but the bottom line is that the change should give PayPal a boost.

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I'm not giving up on eBay, yet originally appeared on BloggingStocks on Fri, 17 Oct 2008 14:16:00 EST. Please see our terms for use of feeds.

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