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Technology Stocks : Google Facts Zone
GOOG 291.71+0.4%Nov 11 3:59 PM EST

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To: Lizzie Tudor who wrote (3097)1/17/2009 10:07:55 PM
From: Hawk  Read Replies (1) of 3618
 
Who cares that they are killing E-bay. You are missing the point. Are you aware that we are on the verge on the greatest depression since 1932?. Consumers are not spending. 30K jobs are being lost everyday. Did you see that the estimates for Amazon are lower this years first quarter than last years first quarter. Amazon will have decelerating revenues and net income this year. Are you seriously willing to pay a PE of 40 for a stock that is a retailer in this environment? Are you aware that the banking problems are just beginning ? Amazon is the most expensive stock in the NAZ 100. Are you serious that you would pay such a high multiple for a retailer, which is what Amazon is. Do you ever look at earnings, their quality, and future projections and the industry in which they operate when making an investment decision? Amazon's earning projections will be reduced downward soon making this at most a 15 to 20 stock. By the way Amazon is PE is 40, E-bay is 9. Amazon 3 times more expensive than Google and Microsoft. Microsoft is projected to have more growth than Amazon this year. OK, good luck with your investment.
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