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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Peter V who wrote (141113)	8/14/2008 3:07:42 PM
From: Smiling Bob	Respond to of 306849

Even with Munster's surmisal of increased sales, he still views it as overvalued with an $80 tgt Just checked ALEXA, which shows a declining trend in traffic More BS from the hypesters When I look around, I find AMZN traffic is dropping off compared to B&M retailers I've concluded they're losing market share and that AMZN is severely overpriced alexa.com widgets.alexa.com -- Ahead of the Bell: Amazon.com Thursday August 14, 8:30 am ET Analyst says Amazon.com still taking market share, 3rd-quarter growth 'appears intact' NEW YORK (AP) -- A Piper Jaffray analyst said Thursday that Amazon.com Inc. is still taking e-commerce market share and its third-quarter growth "appears intact." In a note to investors, Piper Jaffray analyst Gene Munster said that according to data from Internet data analysis company comScore Inc., Amazon's unique users rose 14 percent in July, which builds on the company's growth in the first half of the year. ADVERTISEMENT "Given that total U.S. Internet users increased 5 percent year over year in the month, it is clear that Amazon continues to take market share, and we believe Amazon's momentum of increasing transactions and third-party sellers continues," he added. Munster, who rates Amazon shares "Neutral" with an $80 price target, thinks the online retailer's sales will rise 31 percent in the period. Based on revenue of $3.26 billion in the year-ago third quarter, this implies an expectation for about $4.27 billion in revenue