Why I'm Long Mastercard, Short Amazon [View article]
I would like to know the reference too. As of Feb 10, 2008, Yahoo!Finance has trailing PE of 65 and forward PE of 35. Most importantly, the PEG ratio is 2.1. Trailing PE matters little, future expectations matter the most. A PEG ratio of 2.0 is on the "expensive" side, but that alone is not enough reason to short a stock that already has a LOT of shorts crowded around. Do you have amore detailed thesis for being short AMZN? Disclosure: I just got LONG.
Why I'm Long Mastercard, Short Amazon [View article]