Colin Gillis of BGC just on "Fastmoney"--has price target of $125 on AMZN, based upon valuation and revenue growth not flowing into earnings. He also said that if AMZN sold for Apple PE multiple, it would be $52/share. Just now, CNBC.
He compared AMZN' PE to AAPL's, he said AMZN is only a leader in ebooks? What an idiot! Does he even know AMZN's business at all?
I'm a buyer of AMZN because even my wife kept bugging me to buy it. We basically buy everything from AMZN unless it's not sold on AMZN. I even bought a MAC on AMZN, and believe me, it cost less than in Apple store, because I didn't need to pay the 9% CA sales tax!
That's comparing AAPLs to Oranges, AAPL is no longer a growth play, AMZN still is.
You are comparing AAPLs to Oranges, I prefer Oranges in this play
My only hope is that the dummies on the street listen to this fool and beat down the stock before earnings tomorrow. If not, I will just sit back and watch.
I didn't take a position in NFLX ahead of earnings and I won't go long NFLX now. Going long at 183 or so would have been a good trade and I congratulate those who were long ahead of NFLX earnings, but I also think that people who can short it at 200 or even below 200 will make more money than those who went long at 183 and are selling now.
listening to him made me want to buy the stock
he doesnt even understand how dominant they are in their cloud offerings (data hosting) and services.
AMZN will end up controlling and securing all the data of the world....
I am kinda thinking this "could" be one of the larger companies in the world.