<< AMZN is going down, while other internet stocks are gaining.
Maybe the Wall Street zombies realised that Amzn
is not a tech, but a bookseller with a fancy name after all! >>
Do not think so. Looks like profit taking after good, sorry, excellent news (as I understand, according to new revolutionaly approach for valuation purposes earnings are defined as real loss less estimated one). Do you have any clue what an EBITDMA is? Here goes excerpt from briefing.com:
"Amazon
A very solid, information packed presentation by Joy Covey, CFO.
...
Finally, Amazon made the point that marketing costs are the only reason that Amazon is not profitable. Ms. Covey created her own line item, EBITDMA (Earning before interest taxes, depreciation, and marketing). On this line item, Amazon is profitable."
Eagerly waiting for the Earth's Biggest Bookstore trading $120+ per share (before split). Hope it would be right time to buy cheap 6 months puts and right time to spent some *investment* related gains for summer vacations.
Have fun,
Alex |
