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Amazon.com, Inc. Message Board

  • ex.goldbug ex.goldbug Nov 25, 2012 3:08 PM Flag

    Bears, let me explain it to you

    All the crowing about "huge internet sales". Don't you understand, this is already in the price. Stocks discount future results. In the case of Amazon, future sales have been discounted many times over, with the absurd current and forward PE. Amazon has yet to demonstrate it can monetize sales to build profits. Let us say it will---how many years of profit gains would it take to get 'Zon down to a rational PE level? Even if we assume the BEST case for future profits (I don't), Amazon would probably have to fall below $125 for a correct discounted price. But what if the profits DON'T materialize? Amazon could easily fall below $100. Amazon is clearly in "bubble valuation" territory, as absurdly overvalued as any of the examples last seen right before the 2000 "tech wreck". Save yourselves and lock in current price. Sell.

    Sentiment: Sell

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