@monkbent Amazon share price?
@anandabits @eric_perlberg you can't just wave away the fact you aren't making the bear case. Confirmation bias
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@monkbent@eric_perlberg do you agree with that? How do earnings that justify current valuation materialize? That case hasn't been made. -
@anandabits@eric_perlberg it's like people only looking at Apple's downside and not the upside, but the opposite -
@monkbent@eric_perlberg I'm open to hearing how amazon reaches profit levels that justify valuation, just haven't heard a compelling case.
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@monkbent@eric_perlberg I don't have a bear case for the biz / revenue but valuation always eventually aligns with real earnings. -
@anandabits@monkbent@eric_perlberg You need more IMO. One bull case is Amazon masks earnings by investing in new infrastructure/businesses -
@fpgeek@monkbent@eric_perlberg even if true, how high do you think margins can go? What valuation might that justify? -
@anandabits@monkbent@eric_perlberg Not about how high the margins go, but how big the business is. Wal-Mart, worldwide in more categories. -
@fpgeek@monkbent@eric_perlberg assuming, of course, you use a reasonable discount rate. This is true even if you leave risk premium aside. -
@anandabits@fpgeek@eric_perlberg can you all drop me from the replies? Will give more space for your arguments :) Thanks
End of conversation
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@monkbent@eric_perlberg 136B mkt cap 61B annual revenue. If net margins were 5% instead of 0 PE would still be around 45. Crazy valuation.Thanks. Twitter will use this to make your timeline better. UndoUndo
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