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  • Younessi Younessi Feb 13, 2011 2:51 PM Flag

    amazon 2 Barrons

    And though Kindle has been a huge winner, cautions that it faces some muscular competition from, among others, Barnes & Noble's Nook e-reader and the indefatigable Apple iPad. He notes also that most of the company's attempts to broaden out beyond retailing, such as search engines, online auctions and video-on-demand, have pretty much come up empty. He thinks the stock, selling at over 73 times earnings, looks high technically and is much too rich on the fundamentals, so he won't buy it nor even hold it at the current price.

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