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The first Cyber Monday sales figures are pretty encouraging. IBM estimates early sales rose 24%...
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Monday, November 26, 2012, 3:16 PM ETThe first Cyber Monday sales figures are pretty encouraging. IBM estimates early sales rose 24% Y/Y, and ChannelAdvisor claims its client sales via Amazon (AMZN +1.4%) and eBay (EBAY +5%) are up 52% and 57% Y/Y, respectively. IBM and comScore have already published strong figures for online Black Friday sales, as surging mobile activity helps boost demand, perhaps at the expense of traditional retailers. (holiday season forecast)
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Does that look 'over-valued' ? 49 new Fulfillment Centers in the works in the coming few years. Great cash reserves. Yes profit margins are often slim, but try thinking about quantity. And of course that could be filed under 'The Economy of Scale'. But then I do not have a PhD in Economics, merely a BS and 40 years + in the real world.
Now in fairness I should note that I worked for Amazon until my retirement last year and my wife still does. We have a large holding in the underlying stock and have placed call contracts that will cover the Q4 reports.
Do your own 'homework' and make your call. [or put] But to quote a former Ops Manager when I was humbly asking for a change in the conveyer system ... "David, we are frugal, not cheap."
Good trading, riverdave