Why I'm Buying This Top Tech Stock
In the following video, Motley Fool tech and telecom analyst Andrew Tonner tells us why he's buying eBay . Originally centered around the online auction business, it now makes up only about a quarter of the company's sales portfolio. Online auctions is also the company's most stagnant component, compared to its other focuses, pairing with merchants to emulate an Amazon-like retail distribution model, and capitalizing on the exploding mobile payments trend with its highly profitable PayPal business. In the video, Andrew gives us some specific numbers for just how big these businesses are for eBay, and how cheap the stock is right now.
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The article Why I'm Buying This Top Tech Stock originally appeared on Fool.com.Andrew Tonner owns shares of eBay. The Motley Fool recommends Amazon.com and eBay. The Motley Fool owns shares of Amazon.com. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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