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When All Else Fails, Add To Conviction Buy List; Goldman Goes All-In On $190 Price Target Amazon

Tyler Durden's picture




 

With even Jim O'Neill giving up on China and the BRICs, Goldman will milk every last drop out of the rapidly deliquifying country. Case in point: Goldman upgrades recent dog Amazon from mere mort Buy to Conviction Buy, upping its price target, completely contrary to the price action, from $180 to $190. The premise being after a few hundred million Americans bought electronic books, only to remember they hate reading, the same will happen in China: We expect Amazon’s China business to help accelerate its global customer growth rates through 2010."

Full report:

 

 

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Mon, 06/07/2010 - 08:03 | 399296 Sudden Debt
Sudden Debt's picture

Maybe those 411.000 people who are now all employed to count how many Americans there actually are in the US will all buy a book "Math for Dummies"?

 

And if Obama would let them do a recount every month, those 411K will be permanently employed and they will buy even more books!!

 

Mon, 06/07/2010 - 08:04 | 399299 unwashedmass
unwashedmass's picture

 

guess they want out of AMZN, eh?

Mon, 06/07/2010 - 08:06 | 399300 Cursive
Cursive's picture

Buy Amazon because of Chindia!  BRIC!  Buy, buy, buy!  All the Chinese slave laborers are going to need a Kindle for all that leisure time reading.

Mon, 06/07/2010 - 08:14 | 399314 Hephasteus
Hephasteus's picture

I just bought some stuff from amazon. Silicon Bronze bolts nuts and washers and thick marine grade heat shrink tubing for my copper bus bars to expand battery pack. Only spent 95 bucks because the kindle is just stupid.

Mon, 06/07/2010 - 09:15 | 399397 101 years and c...
101 years and counting's picture

by the end of the year, more states will start taxing sales from online sites.  their competitive advantage will be gone.  so, they will reduce prices and risk losing sales.

 

 

Mon, 06/07/2010 - 09:19 | 399406 InsanePonziClown
InsanePonziClown's picture

conviction buy list, guess the hedge

 

long mon

long amazon

now, guess the short and long on this set-up

 

Mon, 06/07/2010 - 09:58 | 399459 pooplagrande
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