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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 227.35+0.3%Dec 19 9:30 AM EST

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To: swagman who wrote (44975)3/10/1999 11:05:00 AM
From: Manish Aurora  Read Replies (2) of 164684
 
Would he care to distinguish between real and financial wreckage? Even the 'fast growing' firms are way overpriced.

In 1998q1 AMZN registered 33% quarter to quarter growth. This quarter, all indications are revenues will be flat compared to Christmas. This is a STAGGERING decline in its growth rate. Analysts are comparing this performance to real world retailers and going 'this is great'. But AMZN is not priced at real world numbers. In my apparently useless world of cash flow discounting, this makes AMZN twice as overpriced as it already is.

Manish Aurora
www.rationalinvesting.com.
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