leapingcat

Amazon: An 'Unmatched Online Marketplace' - JP Morgan

I think it is a little early to be bullish on Amazon. We have yet to see figures that show whether it gained volume over the holiday season at the expense of margins and profitability, it may face more competition from established specialists in the retail areas it is moving into, and you can argue that the potential benefits of its developing web services etc has been factored into its current p/e ratio. Amazon may well be a good long-term investment, but in the short term I can even see it bouncing back a little.