fxtrader07

Amazon On Course For Success

another dead fish joining the hyping squad...
it's quite stunning what passes for serious stock analysis today. one is reminded of bubblemania reloaded when reading "... We looked a few measures to arrive at our new target, and determined that multiples of 2.67x this years sales or 84x our adjusted earnings were all justifiable."

Give me a freakin' break! The company has a whopping minus 1.9 billion $ in retained earnings (or put differently, 1.9bn in accumulated losses) on its balance sheet, the recent positive quarters notwithstanding.
But since it's a dot.com retailer, of course, it deserves a lofty P/E of 60 on top of the company so far having burnt shareholders cash.
cpa charlie nailed it with his analysis of the repurchase programme. his analysis containes way more stuff to think about than the superficial report that tries to justify a 90$ stock price with zero substance.
In the long term, the only ones making real money from AMZN will be Jeff Bezos and his folks who have been selling millions of shares at absurdly inflated prices to the dumb who buy it only to sell it to the even dumber...