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Strategies & Market Trends : The New Economy and its Winners

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To: Lizzie Tudor who wrote (47781)	1/21/2009 2:21:12 PM
From: Bill Harmond	Read Replies (1) of 57684

13:44 AMZN Amazon.com: Would opt to stay on the sidelines ahead of earnings report - BWS Financial (48.74 +0.30) BWS Financial notes that AMZN is scheduled to report Q4 on Jan 29 after the market close. If firm uses a ratio of items sold to revs over the last couple of years for Q4, firm would arrive at revs of $6.5-$6.7 bln. However, the discounting in '08 was broad and extensive. The items consumers were buying, in general, were lower priced goods. To this end, firm believes their original rev forecast of $6.3 bln (consensus $6.44 bln) is appropriate. Firm would not buy into the hype of the numbers being solid ahead of the report and would opt to stay on the sidelines to see what the actual numbers are. Firm believes AMZN shares remain fairly priced at current levels and would be prone to seeing selling pressure if firm is correct with the Q1 guidance.

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