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

To: Candle stick who wrote (4947)	6/3/1998 10:03:00 AM
From: Oeconomicus	Respond to of 164684

CS, thanks for posting the Dremam column. It is important to note that Dreman has not been a "perma-bear" on the market in general, so can not be offhandedly dismissed as the perma-bulls do whenever anyone mentions anything Bill Fleckenstein says. Dreman's table is quite interesting. Looks like E*Trade is the most reasonably valued on the list. Big surprise!?!? It would be nice to understand his numbers better though as it is unclear what the starting point is for his earnings growth assumptions, particularly for a company like AMZN that is expected to lose money for the next two years. Some are likely to take issue with the growth rates too. Overall, though, it'd be hard to come up with a realistic set of assumptions that would multiply his most generous figure for AMZN by 25 to bring it up to market. Similarly, how likely is it that AOL, YHOO, NSCP, etc. will do ten times better than his assumptions to make them fairly valued now? Regards, Bob