At a time when so many companies are dispensing with meaningful guidance of any kind, eBay is taking the unusual step of offering guidance 3 years out. Not specific, quarter-to-quarter numbers, mind you, but signposts investors can use to gauge the progress of its turnaround strategy.
The numbers come from eBay CFO Bob Swan who took the stage with one major caveat: that the numbers are predicated on global economies returning to some sense of normalcy in 2010 and 2011."
To wit, eBay has already indicated that PayPal's performance is ahead of Wall Street predictions, one of the key reasons why shares enjoyed a 9 percent pop today.
But let's look at the upcoming years, a kind of back-to-the-future strategy for eBay since it was several years ago that former CEO Meg Whitman offered a grandiose, 5-year outlook. At that time, her outlook was aggressive, but the company was able to achieve the goals she spelled out. And it was impressive.