Seeking Alpha

Following a "prolonged post-Cyber Monday lull," U.S. holiday season e-commerce sales are only up...

Following a "prolonged post-Cyber Monday lull," U.S. holiday season e-commerce sales are only up 13% Y/Y, says comScore - that's below a prior forecast of 17%, in spite of 28% Black Friday growth. Recent ChannelAdvisor data also points to a slowdown for Amazon (AMZN), eBay (EBAY), and others. The numbers come as RBC lifts its PT on Amazon to $300 on a belief (similar to Bernstein's) the company's fulfillment spending binge is ending, and that 2013 free cash flow could amount to $13.44/share. (previous)
Comments (4)
  • The FCF number is including a lot of stuff no sane analyst would include, such as cash from paying employees with shares. It's evident that if AMZN paid employees in cash and then sold them shares no one would account for that cash flow in FCF, yet what AMZN does by paying with shares is exactly the same.

     

    That said, although no sane analyst would consider such cash flow, every Wall Street analyst probably does consider it.
    19 Dec 2012, 06:21 PM Reply Like
  • It's funny how "analysts" go out of their way to make up good news for Amazon when the fundamentals are horrible. Those same "analysts" go out of their way to make up bad news for Apple when the fundamentals are great.
    19 Dec 2012, 08:24 PM Reply Like
  • Shades of CRM... when analysts start talking about FCF it's usually a red flag!
    19 Dec 2012, 06:57 PM Reply Like
  • $13.44 Ha
    19 Dec 2012, 11:42 PM Reply Like
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