| | | I added 10% to my position after-hours Thursday. I have no doubts about Amazon's vision, but the price of the shares is sentiment-driven, and I imagine the stock could be held back near-term by news like free shipping this season by Target, and whatever else comes along. I think analyst Mark Mahaney at RBC is the guy to follow most-closely.
The fact remains that e-commerce is growing at 2x bricks-and-mortar retail, and Amazon.com is growing at 2x e-commerce.
IMO there is strong bias against Amazon in the press and particularly on CNBC. The later's documentary on Amazon was badly slanted, imo. Not sure why exactly...because Jeff Bezos didn't participate, but did on 60 Minutes? Because a veteran Bloomberg reporter wrote The Everything Store? Who knows...
The Times' Paul Krugman is in a swivet about Hachette's impasse with Amazon, which sounds to me like eastern print elitism. Jeff Bezos' ownership (and growing newsroom staff, in the face of severe newsroom cutbacks across the industry), and $19 annual digital subscription rate at the Washington Post has them crazed, too, i imagine.
Finally, getting big fast in India, the world's largest democracy (and soon the world's most-populous country), seems like a shrewd bet. |
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