Comments on: Fat Pitch Financials Portfolio January 2009 Update http://www.fatpitchfinancials.com/1365/fat-pitch-financials-portfolio-january-2009-update/ Special situation stocks and value investing Tue, 07 Feb 2012 02:35:15 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Wide Moat http://www.fatpitchfinancials.com/1365/fat-pitch-financials-portfolio-january-2009-update/comment-page-1/#comment-378208 Wide Moat Sat, 07 Feb 2009 19:01:04 +0000 http://www.fatpitchfinancials.com/?p=1365#comment-378208 I am working on an extended write-up of Ebay on my blog right now. I find its auction business, Stubhub, Half.com, and Paypal to be great businesses. Skype, BillMeLater not so much. 'Trouble' is, Ebay's good businesses throw off so much cash that management has the 'opportunity' to spend it recklessly. It would be nice if management were better capital allocators, but at current prices, I just can't ignore it. I am working on an extended write-up of Ebay on my blog right now. I find its auction business, Stubhub, Half.com, and Paypal to be great businesses. Skype, BillMeLater not so much.

‘Trouble’ is, Ebay’s good businesses throw off so much cash that management has the ‘opportunity’ to spend it recklessly.

It would be nice if management were better capital allocators, but at current prices, I just can’t ignore it.

]]> By: Nightly (Value) Investment Links #73 | Simoleon Sense http://www.fatpitchfinancials.com/1365/fat-pitch-financials-portfolio-january-2009-update/comment-page-1/#comment-377055 Nightly (Value) Investment Links #73 | Simoleon Sense Wed, 04 Feb 2009 22:06:25 +0000 http://www.fatpitchfinancials.com/?p=1365#comment-377055 [...] Fat Pitch Financials Update - Via Fat [...] [...] Fat Pitch Financials Update – Via Fat [...]

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