q3 2013: old estimate 0.10... new estimate -0.08
q4 2013: old estimate 0.93... new estimate 0.78
FY 2013: old estimate 1.29... new estimate 0.90
FY 2014: old estimate 3.17... new estimate 2.83
That's right amzn longs and schizophrenic shorts (i'm talking to you sybil as you supposedly have 2000 shares short) amzn's multiple is 110 FY2014 estimates. And guess what... those estimates will be pulled down too... way down as time goes on.
AMZN has a multiple of 400 FY 2013! They won't even make that!
hence the reason this scam will continue to go higher........Simply no justification for this stock above 150 however the real "smart" money will push this scam as high as possible....
If these same analysts would back out all the spending Bezos is doing and add that to the earnings line this stock would still be overvalued by over a 100 points....
Truly is a shame AAPL has gotten beaten with real money in the bank no debt and quarterly cash flow and earnings that surpass Amzn equivalent for 3 years.................Simply ridiculous..............
"Simply no justification for this stock above 150 however the real "smart" money will push this scam as high as possible"
Youre wrong all the way around on this. It truelly iz justified being here, and it iz the dumb money of bandwaggon short covering that will make this beast go MUCH higher. The "smart money" will actually push it back down to where it belongz and eventually lower than 150 once the dumb money shorts have completely vaporized each other and then themselvez.