To add to my last blog's concern over US e-commerce numbers for Q4 (2.2% less growth than expected), Three pieces of news this week have me more convinced that Amazon (NASDAQ:AMZN) will miss analysts estimates this Q. (1) AMZN announced FBA/3P grew 40% in Q4. Most models called for upper 50's on growth, (2) Bezos was cited as saying that margins don;t matter and aren't a focus (boy does that sound like a bad Q), and (3) Morgan Stanley upgrade coming prior to the Q announcement was most likely coordinated with the company (wink, wink) to help pre-position a bad Q, because no one would issue now otherwise. Especially the way it was written, "profits don;t matter, just focus on revenue growth 3 years from now". (read about in my article today)
Disclosure: I am short AMZN.