GPM or gross profit margins increased to 26% and in the last 36 quarters, it has not been that high. Simply stated, if not for the spending on warehouses and fulfillment centers, the company grew 29.5% year over year and that translates to3.7 billion dollars or about 3.50/share for this quarter alone. They had sales of 12.67 billion at 26% gpm or about 3.50 / share for just this quarter. With dec quarter projected at 35% to 42% more revenue than current quarter, that translates to about $5.20 / share for that quarter alone.
"I would wait to see how it closes tomorrow. I can see some shorts covering but for the life of me I can't see any new buyers. If I actually owned shares, I would have already sold tonite into the short-covering!"
Except the shares are much higher the next morning after the time that you say you "would have already sold". Your bias is short so of course you "can't see" many things objectively.
Are you kidding me? I will ride this up as high as they can take it and like CMG, make way more. You know, unlike most of the option players on this board, I am always in 70% cash and never hold more contract than I can maintain for more than a year at prices 50% higher than today.
This stock is 100 within 12 months. It is VULNERABLE to aggressive competition in its cash generating areas from THE BEST COMPANIES IN THE WORLD (Apple, Google and WalMart). It's ROIC is dropping daily. And, the sales tax effect will be LARGER than the market is assuming. We just need to get one of the AMZN execs on record when testifying before the Hill next time to expose it, which literally I am working on... Reaching out to advocates for Main Street Fairness Act...
" In 2009 compared to this revenues were huge and profits were huge"
$2.52 proftis are huge? ok, but when you compare those profits to some of their competitiors: AAPL , GOOG , EBAY etc. those profits are very small. And what happened to the forecast to build on those profits in 2010,2011, 2012? They completely were slashed toward 0. I'll give you that the market has completely overlooked that they make almost no money in a period thay were forecasted to, but their profits have never been huge at their best 4 qtrs.