Ryan Cohen is not describing a passive investment idea. His message is much more direct: he wants to own eBay, run it, and turn it into a much larger operating project.
The core argument is that eBay still has significant runway because it is global. His comparison to Chewy is the strategic shorthand: take a familiar business, improve execution, and aim for value creation beyond what the market currently recognizes.
The number to watch is $125 a share. Cohen says he would want to own eBay at that level, while also arguing that the company could be worth much more if he were running it.
What it signals
- An operator mindset, not just an investor posture.
- A view of eBay as a global asset that can still be transformed.
- A belief that management execution can materially change perceived value.
- A clear reference to Chewy as the operating playbook.
Source
- Chaîne: TBPN
- Vidéo source: https://www.youtube.com/shorts/3hIvOPSMfuc
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