YES! Bought 6600 AH @102 TODAY BABY ! Unsettled Funds..Can't SELL Till 7/27 GO BABY GO !
S@P Comments :
AMZN continues to demonstrate the strength and worldwide potential of its business model, in our view. Continued investments in long-term growth opportunities such as Amazon Prime, seller platforms and digital media stores should provide new sources of revenue over the next few years. Longer term, we expect AMZN's initiatives to result in continued strong sales results and significant margin expansion, as it leverages its leading brand name and position as an Internet retailer.We consider AMZN a best-in-class retailer that generates significant free cash flow. While valuation remains a concern to us, with the shares recently trading at about 50X our 2010 EPS estimate, we think AMZN's long-term growth potential offsets this. ä Risks to our opinion and target price include a double-dip recession, the potential for lowerthan- projected revenues should growth initiatives fail to live up to their potential, and unfavorable currency impacts. ä Our 12-month target price of $150 is based on our discounted cash flow analysis, which assumes a weighted average cost of capital of 10.5% and a terminal growth rate of 4%.