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Amazon.com (AMZN) up 15% after hours, to $107.49 - a level it hasn't reached since the '90s - on...

Amazon.com (AMZN) up 15% after hours, to $107.49 - a level it hasn't reached since the '90s - on a strong report of a 69% increase in earnings, led by what it calls its top product: the Kindle, which one analyst thinks will bring in $1.9B in annual revenue in 2012, up from $300M this year.
Comments (2)
  • Jason Tillberg
    , contributor
    Comments (1236) | Send Message
     
    Impressive report to say the least. But valuation has already priced that in at current price.

     

    Will be interesting to see retail sales increase from people no longer paying their mortgages or Credit Cards and have all that extra income to buy I-phones and Kindles. I know for one, I underestimated the consumer. I personally think it's quite dumb and would prefer to see people both paying down debt and saving more.

     

    The charity of the Treasury is another bubble in the works.
    22 Oct 2009, 05:59 PM Reply Like
  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
     
    Mr. Tilbderg. People will eventually be able to pay their mortgages.

     

    What explains a 15% move?
    22 Oct 2009, 06:32 PM Reply Like
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