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  • think_plan_act think_plan_act Oct 10, 2012 11:56 PM Flag

    AMZN might be going in loss this quarter

    this is why stock is starting to tank. Anything over $50 is a pure gift for this stock. Watch is drop like NFLX

    Sentiment: Strong Sell

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    • Actually, the consensus of this quarter estimate is -8c. So, most likely it will lose money.
      After this quarter its PE will go up further.

      Sentiment: Strong Sell

      • 1 Reply to ling.chen
      • Amazon doesn't trade on current earnings (or PE), but on future earnings and guidance. I think both will be tamped down in late October. The prospect of competing with Wal*Mart (a much larger company) also has to be deflating. Long term, this company should trade at no more than 50 times earnings. If you believe the forward PE of 100 (I think that is still too high), the price should correct at least 50% at some point to the $125-150 area. But the market doesn't trade on earnings prospects always. How long this can levitate is anyone's guess, although the Walmart development and the trading pattern of the last few days must be of no little worry to the bulls.

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