Shares of eBay Inc (NASDAQ:EBAY) have been reacting positively to news that Carl Icahn had acquired a significant stake in the company. However, Bernstein analysts believe investors are reacting to the possibility of an increased share buyback and other steps rather than the fact of Icahn’s involvement. They consider what it will take for Icahn to just “go away” in their latest report. Downside for eBay limited Analysts Carlos Kirjner and Peter Paskhaver say eBay Inc (NASDAQ:EBAY) may begin increasing its share repurchases as a way to fight back against Icahn. Aside from all the noise the activist investor has…
eBay: How Long Will It Take For Carl Icahn To Go Away?
Michelle deBoer-Jones
Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.