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Jeffrey Li

$0.22
UNITED STATES
10/01/08
$1,148,912.70

2 No Analyses
10/01/08
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Stock Pick by Jeffrey Li

AMZN: Amazon to gain eps but lower on price

Start trading AMZN with real money!

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Posted 1708 days ago on 11/19/12

AMZN will go DOWN
$183.35 on 5/19/13
$1,040.02 (349.37% from time of market call)

The current price is overvalued on the basis of its p/e ratio being over 2500. I believe that the stock will see gains in earnings, however the stock will under-perform and see an adjustment downwards. Under current prices, the company would have to see earnings multiply 2^7. Basically the earnings would have to double, double, double, double, double, double, double, and double again in order to make good at its current price. I think that this company would be a great buy at a lower price point as there is a considerable opportunity for growth.

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