Bid on ebay

01/07/2005 12:00 am EST


Jim Collins

Chairman and CEO, Insight Capital Research & Management, Inc.

Jim Collins is among the most astute advisors around. Using a proprietary system, he screens thousands of stocks to find those with the strongest growth and momentum patterns. For his 2005 Top Pick, he is putting a "bid" on eBay, a stock he has long favored.

"One stock to own for 2005, and for several more years, is eBay (EBAY NASDAQ), which operates the online marketplace that brings buyers and sellers together to trade collectibles, automobiles, consumer electronics, etc. If you have not visited the eBay website, you will. Online marketing is now an established trend that is going to grow at a much faster rate than the economy for years to come. eBay earnings and revenues in 2005 will be double those of 2003.

"The key questions for 2005 is will the consumer continue to spend. As we enter the new year, personal income from wages and salaries have grown 5.1% (about 2% faster than inflation) versus 3.7% last year at this time. Moreover, payrolls have risen by two million employees and household net worth has jumped $8 trillion over the past two years. Consumers will make greater use of eBay in 2005 than in any year since the company's inception."

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