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Why eBay's Stock Has Taken A Beating In Recent Months

eBay's stock has dropped roughly 20% since early March on a string of bad news and a management shake-up. However, we are still positive about the company’s long-term outlook and maintain our price estimate at $60, which stands at a premium of about 20% over the market. The decision to repatriate foreign cash, an online security breach and the departure of PayPal’s president have shaken the …

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