More on JPMorgan's downgrade of Amazon (AMZN): The firm says its bottom-up analysis on Amazon...

More on JPMorgan's downgrade of Amazon (AMZN): The firm says its bottom-up analysis on Amazon suggests decelerating gross profit growth in 2013. In addition, 2014 EPS is taken down to $2.83/share from $3.01/share. AMZN -1.7% premarket.

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Comments (7)
  • HS
    , contributor
    Comments (212) | Send Message
    About time ... i expect many more downgrades to come


    FWIW, my PT is $120 and I am naked short (avg. price $254, so I am still in red)
    14 Mar 2013, 06:57 AM Reply Like
  • pfifla1
    , contributor
    Comments (628) | Send Message
    my shorts are at 270 and 250. Unfortunately for me most only have 30 or 60 days left.
    14 Mar 2013, 09:00 AM Reply Like
  • cordial
    , contributor
    Comments (165) | Send Message
    That analyst is going to get fired, you're not allowed to rubbish $AMZN while working on Wall Street.
    14 Mar 2013, 06:58 AM Reply Like
    , contributor
    Comments (209) | Send Message
    First shot on AMZN: Wall Street might get enough of AMZN and thinks it is time to let it go and tomorrow is the option day.
    14 Mar 2013, 08:12 AM Reply Like
  • Surely
    , contributor
    Comments (281) | Send Message
    So let's see, that means that based on JPM estimates AMZN trades at 95x 2014 earnings. Keep in mind those are earnings two years out!! This year's EPS estimates are lower. To give this some perspective, let's say someone were to ask you to lend them $100. They promise you that most likely they will be able to pay you $0.50 interest in the first year, $1 in the second year and after that, we'll see how it goes but possibly it will be more. Would you take that deal?


    If this isn't a bubble I don't know what is.
    14 Mar 2013, 09:49 AM Reply Like
  • Robert Wu
    , contributor
    Comments (65) | Send Message
    Please understand the pressure analysts face. First they fear to be wrong and alone. No matter how good analysis you did, if you were wrong on timing and in minority opinion camp, you could lose your job. Second, you do not want to upset your Investment banking people. Companies like AMZN and Netflix constantly need to raise cash through debt or equity and they also do a few deals. IB business is important for the banks.
    14 Mar 2013, 10:09 AM Reply Like
  • maximumvalues
    , contributor
    Comments (620) | Send Message
    My Average short is $270 and Im looking to ADD at $268 tomorrow if so lucky to get a morning pop.
    15 Mar 2013, 01:02 AM Reply Like
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