Glenn, everyone is confused.
>Seattle, Sept. 27 (Bloomberg) -- Amazon.com Inc. and its business prospects have generated public disagreement among stock analysts, the Wall Street Journal reported in its ``Heard on the Street'' Column.
They clash over the Internet retailer's business plan, its prospects this holiday season and how soon it will make a profit.
J.P. Morgan Securities analyst Tom Wyman, who rates the company ``buy'', expects its shares to rise in coming months. Others disagree, including Sanford C. Bernstein's Faye Landes, who rates the company ``underperform,'' and Paine Webber Group's Sara Farley, who has a ``neutral'' rating on the company.
The debate reflects the unclear future of Internet businesses. There's still uncertainty over the future of the company's newer retail segments such as home improvement, kitchenware and toys, said Chase H&Q analyst Bonnie Kramer Tonneson, who rates the shares ``buy.''
Amazon.com recognizes that it's susceptible to such uncertainty because it's a new company in a new industry, said spokesman Russell Grandinetti. Another cause may be that the company provides guidance on its business activities only once a quarter, the paper said.
(WSJ 9/27 C1)
Sep/27/2000 6:39 ET |
