Will AMZN, CMG etc. all follow the pied piper down? Seems possible.
Nice! Me too. All the "canslims" and "candies" and pigz open down 10% & more...CMG, AMZN, all in sympathy.
Cramer said use any rallies, if they occur, to get out or at least lighten up in most stocks. MOMOs will be hit very hard, as will travel, leisure, hotel & airlines according to Cramer who cited ebola fears & other issues.
If you want to see Cramer's comments from "Madmoney", click on "headlines" and it will be available there to watch.
Actually KR P/E is 17.66, so maybe $20 is appropriate. You retort Amazon is a cloud service company? Well, so is Goog--applying a Goog P/E gets you to the same price for Amazon. Folks, a looooooooooong way down.
Kroger sells for about 20 times; applying that P/E to AMZN gets us to..........$20? Generously $50 a share??
Thursday could have been the proverbial selling climax. I stick to my forcast that the next month could see big gains in coal. GOP likely to retake Senate as I said yesterday, and the winter will be very cold east of the Rockies and in Europe, spurring coal demand..
Give the bird to OPEC & Russia. Convert coal to oil.
Very cost effective. SASOL in South Africa makes tons of money, and did even when oil prices were below $50. BTU should partner with them, that would be my suggestion.
On his recent shows. He seems to be correct so far. Might buy SAVE if it gets into $40s.
The trouble is in all states where they have a physical presence like a store or fullfillment warehouse, they must charge sales taxes. Buying Sears with all their problems seems foolish, and add to that sales taxes. A no go zone.
If we apply a brick & mortar grocery P/E ratio like Kroger's to Amazon, guess where AMZN would trade--maybe $25?, and that could be generous.
That means New York state can tax them, if they already don't. Physical presense=sales tax on all sales, including internet sales, and they're very high in NY state.
Obviously, the above reaction equation should read: Coal + Hydrogen = Synthetic Oil = refined products including gasoline. The smart coal companies, of which I believe BTU is one, will partner with SSL & implement synfuels projects to produce gasoline & other refined liquids from coal. It is done by Sasol (SSL) in South Africa, and should be done in the U.S. & Europe to make us energy independent & free us from the shackle of OPEC & Russian oil. Coal liquifaction is also less polluting than fracking of oil shales which pollutes groundwater.