Amazon.com, Inc. (AMZN) Message Board

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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 223.24

+0.3%

3:37 PM EST

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To: jach who wrote (30273)	12/17/1998 11:16:00 AM
From: Alomex	Read Replies (1) of 164684

Too generous, AMZN is a 10$ stock. Long rung, most companies (but admittedly not all) settle at 1x sales. Books and CDs seem good candidates for that multiple. Considering that this quarter sales are estimated at $250-300 million dollars that makes Amazon an honest to god $20 stock, assuming no further growth. Since Amazon is growing, I'd definitely buy Amazon at $30, even $40.

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