With one of those 200 slide presentations.
You know, like the one that took out green mountain coffee, and cmg currently.
PERHAPS HE WILL DO IT NEXT YEAR. I just hate seeing all this stupid money pile into these things, and continually get rewarded like they know something.
Einhorn has already said he doesn't like or understand Amazon at least valuation wise, although I have no idea whether he is short or not. Amazon is not a "scam", but their valuation is grossly excessive and bloated imho. When it peaks--who knows? But when it does peak, the downside will be enormous.
"Meanwhile, Einhorn's attack on Amazon were overtly hostile as he mocked its CEO Bezos, comparing him to Batman. He (Einhorn) said Bezos' statement that no one understood how Amazon makes money should make investors 'very wary'. " This doesn't sound like a bullish opinion.
I call it a scam because they are doing somthing to keep this stock price in nosebleed altitudes other than earnings. Earnings afterall eventually determine stock price everytime.
2.5 x revenues, and 300++ PE for a retailer with razor thin margins at best and shrinking cash?
Give me a break. Talk about suckers born every minute...
And one never hears anything negative about this bloated pig.
I don't think it matters while the Fed is printing money in the backdrop of everything: money has to go somewhere: they are blatantly doing what they have been doing for years: try to get a wealth effect no matter what prices are created in stocks so people feel good. Helping Bezos to one hell of a next egg : earnings or no earnings.