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AMZN: When a bubble stock buy another China Bubble=A Bigger Bubble

by Rick

AMZN said it had bought out Joyo.com after it raised its investment in the company, one of China’s online shopping platforms. The truth is that: they bought it in 2004, the release says that it is struggling, so they are pumping more money into it. Nothing will come up from this M&A. “Jeff Bezos will visit Chinese subsidiary, Joyo.com, which is said to have lost $13 million last year, Chinese media reported today.”

“rival Dangdang has since seized the top spot - it now takes 18 percent of China’s online retail sales, compared to Joyo’s 12 percent”

Doubting that statement? Then why do you think AMZN insiders are selling 2 millions shares?

AMZN’s PE = 120, severely overvalued….

This overly inflated bubble stock - AMZN - will reach its fair market value at $40 by the end of the summer.
amzn.png


Posted in General on June 5th, 2007

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