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

To: RFF who wrote (6715)	6/19/1998 9:01:00 AM
From: RFF	Read Replies (1) \| Respond to of 164684

CNBC said that Prudential gave it a hold rating. Said rev of $400M this year, $600M next year........going out to about 2002 said could get over $1 billion. Even if they had $1 billion in sales this year, they would still be overpriced......let only 4 years from now......and we know how accurate predictions 4 years out will be. Lets say they do $1 billion in 2002 and bring 5% to the bottom line - very generous profit margins for a retailer - that would be $50M. Put a 20 PE on that and you get $1 billion market cap. They are 4 times that right now - and this is just some fantasy, best case scenario for this company