Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: XOsDaWAY2GO who wrote (11772)	12/19/1998 4:11:00 PM
From: Bwe	Respond to of 34820

Barbara, While catching up on some reading today, I ran across a "Heard On The Street" article from this week's WSJ. The topic....Amazon.com and CIBC Oppenheimer's AMZN analyst, Henry Blodget, and his $400 price target. Some items of interest below: -Mr Blodget put a 40 multiple on 2004 earnings of $10 a share. This for a company that has not yet produced yearly earnings. -AMZN is expected to lose $1.66 this year and $1.79 next year, with some estimates as high as $3.50 - $4.00 per share loss. -Blodget himself says "Amazon is a long way from proving that it will ever make money....." -AMZN's stock market valuation is 14.5 billion, or 8 times Barnes & Noble. BKS has estimate for 1/99 of $.83 and for 1/00 at $1.29. Have a great day everyone. Going to see the "Prince of Egypt" with the family. Bruce