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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Bill Harmond who wrote (113814)	1/1/2001 6:23:55 PM
From: GST	Read Replies (1) \| Respond to of 164684

William -- you are so bogus -- "I don't trust forward estimates for 2000. There are too many moving parts, especially the dot-com consolidation to project a trend from 2000-2001. Yahoo is growing in excess of 50% secularly. It's selling at 60-70x trailing earnings and half that ratio to cash flow. Yahoo is a cash machine. It's cheap, and still faces an open-ended opportunity." Based on numbers from Yahoo's own site, the average analysts projection is for 48 cents this year and 58 cents next year. This is a growth rate just north of 20% -- not 50% as you claim. No downward revision has been entered -- despite a more general slowdown in net advertising. If anything, the growth estimates are likely to be reduced. The "best case" scenario is for them not to lose ground and hold at roughly a 20% profit growth rate. That puts Yhoo's pe-to-growth-rate premium at a whooping 300% -- far above what the market is likely to support -- where on earth is your "screaming bargain"?