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Ouch! Amazon overvalued by $160: StarMine

Wednesday, April 25, 2012 - 01:29

April 25 - Based on Amazon's fundamentals, the shopping giant should be trading at $30 as opposed to $190, according to exclusive StarMine data.

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Amazon's results are set to come -- much lower than a year ago as a shopping giant continues to sacrifice immediate profit for longer term growth. According to exclusive star mine data investors could be in for a positive surprise. Thomson Reuters analyst -- Mars has been crunching the numbers was thrown through getting excited are you saying that. Better than expected results from eBay could bode well for Amazon. To what extent who we expect to be. Well highly -- analyst -- we'll -- earnings -- 24 cents -- -- this -- seventeen cents higher than the consensus -- -- seven -- why is that. Well -- -- higher profits in the web services that powers thousands of businesses globally they're also seeing strong ebooks candle sales. And also consumer advertising spending what are the risks. There best come from global competition from companies like Google Yahoo! eBay globally economic conditions. Privacy regulations and cyber security and how about the longer term picture. Well analysts believe that -- the earnings growth stronger than a year ago. In the second half of the year when consumers upgrade to windows eight -- this case this mean the stock is undervalued. Well -- on the contrary it's expect it's considered to be over priced at a 190 dollars. Based on the fundamentals. -- believes it should be trading closer to thirty dollars why haven't the big difference. -- -- -- Our thanks did Thomson Reuters -- Jerod -- I'm Fred Katayama and this is Roy.

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Ouch! Amazon overvalued by $160: StarMine

Wednesday, April 25, 2012 - 01:29