Amazon.com, Inc. (AMZN) Message Board

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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 233.22

+1.8%

Nov 28 9:30 AM EST

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To: hueyone who wrote (156459)	4/25/2003 3:05:42 PM
From: Alomex	Read Replies (2) of 164684

Yahoo, Ebay and Amzn are all in a bubble imo, with stock prices unrelated to fundamentals, that has gone well beyond where I thought it would go. All the remaining new economy investors and mo mo investors must have congregated there. I agree. For the last five or six quarters Amazon has been posting figures suggesting long term profit margins of 5%. This means that ten years from now, Amazon will have earnings of $750 million on sales of $15 billion. Give it the long term S&P P/E of 15 and what you get? Today's share price! And here's me thinking that one invests in a company because one thinks it would be worth more ten years from now than what you paid for it today.

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