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

To: e. boolean who wrote (19712)10/2/1998 4:21:00 PM
From: Sam Citron  Read Replies (1) | Respond to of 164684
 
These analysts are almost as nutty as the specs who believe them. Even if AMZN were able to earn upwards of $2 a share in 2003, it is pure fiction that it would deserve a PE of 70. But remember, this is 1998. Amazon has only losses to show with increasing debt and an unproved business model. Surely this 160 future value possibility 5 years hence should be discounted by a bit of reality. Maybe BS is implicitly saying that the shares are worth about 50-60 today. That would be generous IMHO.

Sam



To: e. boolean who wrote (19712)10/2/1998 5:09:00 PM
From: OtherChap  Respond to of 164684
 
>Bear Sterns price target for YHOO was based on a 70 multiple of >estimated earnings for 2003.

You have to give them credit for at least making an attempt to justify their new price target for Yahoo.. With AMZN they didn't even bother, they just said "we think they'll start to sell advertising too"..

Of course, what could they say? "This morning we got a client who needed to move 3 million shares, so we jacked up our recommendation and price target"


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