Ebay's move into used electronics... Motley Fool- On the surface it seemed like little more than a courtesy notification -- a press release sent out to fill the silence on an otherwise slow news day in late October. But there may be far more than meets the eye to the new product category that online auction site eBay (NASDAQ:EBAY) is officially adding to its mix. That new category? "Certified refurbished" electronics. The company is working with brands such as Dirt Devil, Cuisinart, iRobot, Philips, and Acer to facilitate the sale of like-new items to eBay shoppers. Prices for these goods (which come packed in their original boxes with all required accessories) are expected to be discounted up to 50% off their typical in-store price. Up for grabs is a piece of the global refurbished electronics market that's worth around $10 billion per year, according to inventory liquidation specialist Liquidity Services (NASDAQ:LQDT). If the electronics sliver of the refurbished arena works out well enough, though, eBay could decide to widen its doors to other types of products among the $309 billion worth of goods that U.S. consumers alone returned to retailers in 2019. Big numbers, no matter which ones you choose Take both numbers with a grain of salt. Refurbished goods reseller Back Market pegs the electronics piece of this market at $80 billion, and Appriss Retail's guess that U.S. online and offline retailers had to handle $309 billion worth of customer returns last year is just that -- a guess. Other sources suggest the figure is in excess of $500 billion any given year. The fact that the estimates vary so dramatically is evidence of just how fragmented the space is. It's also not clear how much of this returned merchandise can be refurbished and resold. There is one clear reality though: Given eBay's annual revenue on the order of $10 billion, capturing even a small piece of this market could make a difference. It's the fragmentation of this arena, however, that's at the heart of eBay's opportunity. The company can use its reach and unique platform to start consolidating this business. More important, it can arguably do it better than rival Amazon (NASDAQ:AMZN) could. Playing into eBay's unique strength Yes, Amazon and eBay both already offer refurbished items. What's changing here is the level of credibility eBay will bring to the premise. The site will facilitate the offer of a two-year warranty to support the sale of these items, but perhaps more than that, it will more readily connect sellers with individual buyers. The move plays into an eBay strength Amazon doesn't have. Amazon's inventory system lends itself to selling new, identical items over and over again. There's little room in the Amazon apparatus, however, to deal with unboxed or damaged items returned by its customers. There's no easy or effective way for Amazon to relist one returned item from its own returned inventory as refurbished. So, rather than fixing what can be fixed and returning defective items to their manufacturers, the e-commerce giant sells these items by the pallet for a fraction of their previous retail value. Its sheer size and high level of automation ultimately work against it in this regard. This is in contrast with eBay's approach, where each seller can (and generally does) photograph, describe, and list one particular item at a time to best explain its condition. The seller can sell one unique item at a time, but can also list a bunch of identical refurbished items just as easily. It's all more work than Amazon's listing process, to be sure. But, this allows for the sorts of bargains most regular eBay shoppers are looking for. They're certainly not strangers to used items.
Anastassia and I are off to the country. Going to show her my grotto. I have her inside a large Home Depot bag my wife thinks I'm bringing up a pump for the basement.
Pump In The basement Connected! Oh my Van I am on top of the world. I am invigorated and reborn. My fluids haven't moved in so long, I was in desperate need of an oil change. My word these long jump girls. How will I explain this to my dear wife. I'm screwed. That's the good part but I'm really screwed on the way home... Anastassia won't go back in the Home Depot bag in the trunk. She insists on riding in at least the back seat.
Very Slow News Day. T-Mobile price target raised to $147 from $135 at Barclays-- I've been thinking about T mobile as the roll out of 5G goes on they seem in a good place. Offering a limited bundle TV offering as well... threat to cable? I don't know if you Noticed but HOLOGIC an Ideas For Now Holding had a very nice qtr on testing and went up. Today my FLDM reported and the numbers are good earnings of 3 Cents vs a loss of 20 cents the year before. +3 vs (-20)-- That's a significant swing. TESTING! Van If Biden takes Georgia & Las Vegas Won't these testing plays really move.... I found another one.. I want to research today. NTRA.
Comment On The Election-- Everyone who voted for Trump had to witness a bad sport crybaby loser. There is nothing weaker than a man who cannot accept the truth. A man who sees no faults in himself and blames the world for his own foibles. Any respect you had for this symbol of industrial might and institutional racism has melted away. And you are left with those dumb as rocks kids and apparently a vice president somewhere hiding. Whatever side of the political spectrum you are on... Now at least you can see the sniveling loser that lives in the white house and this stock reporter for one- doesn't like losers.
T-Mobile US, Inc. (TMUS) Damn VAN I asked you about this one a few days ago. Should of went with my gut. This is breaking out big time.- 117.26+1.24 (+1.07%) At close: November 5 4:00PM EST 127.00 +9.74 (8.31%) <--------------- Before hours: 9:28AM EST
Van I'm still waiting for that final call from you on he election. I put much trust in that. New York City is going crazy. I'm back in the city. It was such a difficult car ride with Nastassia in the back with my son and Bacchus the 120 pound Ridgeback. He's got smelly breath and big balls. Bear claws that he likes to use to draw you close before he rakes you over the back.His nails cannot be cut because he bucks and charges out of the vet and is so strong they won't take him unless he is drugged. I tried to come up with subjects to talk about but having two angry women in the car is crazy. I'm lucky I made it home. The town is on fire I'm going out tonight and getting spitting drunk and eating out despite the Covid!!! Just me and the wife... the way it should be. That was a one time viewing of the grotto. it's time to celebrate good times! It's a celebration... yea!
Van-- I still don't know what SNAP does. In my every day life I do not run across snap. Unless it's that weird berry that falls into the street and has a stinky smell. I think SNAP could be a trap stock due to it's relatively low price. Tech ismoving so I would ride it for sure but don't marry it to Grandma... Less than a month ago.... Snap price target raised to $24 from $19 at Citi 10/23 SNAP Citi analyst Jason Bazinet raised the firm's price target on Snap to $24 from $19 and keeps a Sell rating on the shares following the company's Q3 results. Snap reported "very robust" results and its analyst day in February remains a potential near-term catalyst, Bazinet tells investors in a research note. The analyst, however, sees downside to 2021 and 2022 Street estimates as he expects a "return to a more normalized operating environment."<--- This is key Van as we approach vaccine time. Despite the effectiveness of the vaccine or the roll out itself, these companies that have brought forwards earnings from 21' & 22' are going to be facing a earnings trapdoor. NOW T_MOBILE.... That's a granny stock that you owe me some comments on!!!!!
This could be significant- GRWG has gone from $18--> $22 on the ganja votes. GrowGeneration to acquire The GrowBiz, terms not disclosed 07:03 GRWG GrowGeneration announced the signing of an asset purchase agreement to acquire The GrowBiz, the nation's third-largest chain of hydroponic garden centers, with five stores across California and Oregon. The transaction is expected to close before fiscal year-end 2020. Founded in 2010 by Ross and Ryan Haley, The GrowBiz comes with a team of experienced executives and more than 60 full and part-time employees. The addition of The GrowBiz is expected to generate annual revenues approaching $50M. The acquisition will bring the total number of GrowGen hydroponic garden centers in California to ten and Oregon to two. The new GrowGen locations include Rocklin, Cotati, Santa Cruz and San Luis Obispo, California, and Portland, Oregon. Thoughts- 3rd largest is only 5 stores... talk about fragmented industry.... Grow Gen is trying to turn into a POOL corp a rollup of all these small operators....