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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 219.97+1.3%12:26 PM EST

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To: Glenn D. Rudolph who wrote (10035)7/11/1998 9:42:00 PM
From: umbro  Read Replies (1) of 164684
 
AMZN trading 134% above Bonker Benji's target, most overvalued of the
"internet" stocks! Here's Benjamin's list sorted by how much above
the (let's just say aggressive) target it's trading. Good thing he
didn't write this report last week when AMZN was trading at $135.

Symbol Rating 7/9/98 7/2/98 %chg 52 wk. hi Target Above Target
AMZN BUY $105.50 $110.33 -4% $143.75 $45 134%
YHOO BUY $184.00 $172.88 6% $207.50 $128 44%
AOL SBUY $113.88 $124.00 -8% $115.00 $85 34%
SEEK LTA $32.44 $37.50 -14% $45.00 $30 8%
LCOS LTA $71.00 $79.00 -10% $107.25 $75 -5%
CNWK BUY $56.50 $68.50 -18% $71.25 $65 -13%
XCIT BUY $82.25 $99.00 -17% $111.00 $95 -13%
NTKI LTA $20.38 $20.00 2% $34.63 $25 -19%
PTVL BUY $34.50 $39.75 -13% $44.00 $45 -23%
Cendant LTA $22.20 $21.57 3% $41.67 $30 -26%
MBRS SBUY $34.13 $33.00 3% $35.50 $50 -32%
GETY SBUY $24.38 $25.75 -5% $28.25 $40 -39%
EGRP BUY $25.57 $22.50 14% $47.88 $45 -43%
SPLN SBUY $33.25 $36.38 -9% $39.63 $60 -45%
ONSL BUY $23.38 $25.63 -9% $36.80 $45 -48%
NEWZ BUY $9.13 $9.25 -1% $19.75 $30 -70%

I'm a little confused. AMZN is rated as a buy, and yet is trading
at twice Benji's target, which is in turn caculated as 50x the
_estimated_ earnings in 2001 (3 years out). Heavan help AMZN if
its earnings growth retreats below 50%. Strike that, Heaven help
AMZN right now.
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