This page has been archived and commenting is disabled.
Amazon Bloodbath After Hours As Suddenly "Earnings Matter" Once Again
After defying gravity for months on end, on what we quarter after quarter warned were ever declining margins and revenue growth, the Amazon bubble (just about 300x P/E at last check) has finally popped, and investors no longer believe that the company can offset collapsing profit margins with increasing volume. And yes, the Kindle is proving to be nothing more than yet another fad rather than the latest and greatest razor-razorblade ecosystem paradigm.
Highlights from the release:
- AMZN 3Q LOSS PER SHR 60C ON 37C LIVINGSOCIAL LOSS; EST. LOSS 8C
- AMAZON.COM 3Q REV. $13.81B, EST. $13.92B
- AMZN SEES 4Q OPER LOSS $490M-PROFIT $310M, EST.PROFIT $354.1M
- AMZN SEES 4Q SALES $20.25B-$22.75B, EST. $22.82B
- AMAZON $299 KINDLE FIRE HD 8.9” SHIPS NOV. 20
And here is the updated chart of the firm's Operating and Net Income. No commentary necessary
And this time, with short sellers long gone after having been crushed by the Chairman time after time, there is nobody to squeeze after yet another horrible quarter.
AMZN dropped to 5-month lows...
- 13801 reads
- Printer-friendly version
- Send to friend
- advertisements -




Check out a bunch of prints down $8 exactly at the close 16:00:00 -- did someone have advance word or are those post-announcement trades with bad time stamps?
Bernanke just announced at an emergency meeting of the FOMC that the Fed will buy 10 billion in Kindle Fires monthly on an open-ended timeline.
As for Pandora:
Pandora Shares Trip Circuit Breakers After Report of Apple Radio Service
http://tinyurl.com/d35bkje
Shit's gettin' real on the NASDAQ (QQQ) in the after hours. Look at that motherfather!
No worries, black friday is just around the corner.
They will be able to sell tons of stuff for a loss that weekend
Jeff Bezos is legendary for a letter he allegedly sent to a major consultancy with the line "profits are for pussies."
What goes around ....
is this before or after he buys 10 billion mini ipads?
"Fuck the iPad...eat Kindles!!!" - W.. Dudley
Hmmm, maybe thats why he is stepping down in 2014?
http://economiccollapsenews.com/2012/10/24/will-fed-chairman-ben-bernank...
Stay tuned for further FOMC announcements regarding potential QEaapl products, depending on earnings.
"so if we buy aapl and amzn products like the ipad and kindle fire directly from these companies boosting their bottom line then their earnings will improve and their stocks will go up making other people feel good about thier 401k's so they will go out and buy ipad's and kindle fires creating demand thus start a hiring spree in china i mean in the US."
Ben Shalom Bernanke
That was sooo virtuously circular!!!
Oh Ben Bubbles, you're my hero!!!
Emergency FOMC meeting convened by Bernank/Dudley just concluded; Both Amazon & Apple will be granted Primary Dealer status by the Fed, and can also now exchange surplus iPads or Kindle Fires at par value for Treasuries of any duration.
iPads and Kindle Fires are also now legal currency for all debt, public or private.
That is all.
---End Transmission--
So I guess a 1.2% operating margin is NOT sustainable.......hhmmmmm
Things are falling apart, the market can't keep the game going anymore.
Y/Y revenue growth was at the top end of company guidance.
Well fuck you guys I am buying this DIP....SHIT.
Somebody is buying it. Shit it's heading green.
Bullish
The Amazonian forest caught Fire?
If an APPL tree falls in the AMZN, does a hedge fund make a sound?
if it holds as is, AMZN will drop below 200 MA tomorrow.
Already BTFD'er coming in. Looks like Green by open tomorrow?
...and it has already recaptured half of that reaction loss...in true mindless AMZN style.
And.....its almost green.
Wait until the confederation of Amazon-loving Wall Street analysts spin this earnings.
Better than expected??
I've shorted this thing 4 quarters in a row. Haven't made much because despite missing it never drops. Starting using options, but I doubt I'll get enough delta to make a profit yet again. Fuck this stock it should be $30
Not even.
In a sane market, maybe $10-$12 a share.
I gave up shorting AMZN earnings a few quarters ago. the bad fundamentals did not seem to have much effect on the share price.
I picked up for you...sold it above $224 in the AH. That was a complete disaster qtr. Don't think the market will ignore it this time.
Had AAPL and AMZN shorted @ the beginning of September had to go through the highs and the QE was happy to close them out close to even...so frustrating. I'm just going to short 3X leveraged ETF's from here on out.
"I gave up shorting AMZN earnings a few quarters ago."
It was a fog-shrouded morning, July 4, 1952, when a young woman named Florence Chadwick waded into the water off Catalina Island. She intended to swim the channel from the island to the California coast. Long-distance swimming was not new to her; she had been the first woman to swim the English Channel in both directions.
The water was numbing cold that day. The fog was so thick she could hardly see the boats in her party. Several times sharks had to be driven away with rifle fire. She swam more than 15 hours before she asked to be taken out of the water. Her trainer tried to encourage her to swim on since they were so close to land, but when Florence looked, all she saw was fog. So she quit. . . only one-mile from her goal.
Better than the "whisper number". BTFD. A $225 stock with no earnings, no dividend - but who cares?
One day it is going to grow into that multiple!
Not the holy amzn rubber balll bullshit
priced in!
Wait, down 2% is a "bloodbath"?
More like a blood cup
Blood shotglass
finger 'prick'? you know they are practically giving away those diabetes test kits now.....
If I see GREEN in AH on this earnings report...
Stay away from the sharp knives, booze might help
yeah, I was just a tad worried about my shorts with the market levitation we saw today.
I'm cool now.
Misleading title, here I thought it was going to be about the menstral cycles of unusually large women. Two thumbs down.
and I rarely down a comment...
Downing my down comment of your comment is like having sex with your best friends mom and posting the pictures on Facebook.
Pretty clear you were wrong from the start.
I'll apologize if we get to 3...unlikely.
Actually I didn't down you till now ya bag o douche.
Coordinated sell-off to get Romney elected. C'mon man.
Watching a giant building collapse in on itself is always mesmerizing...
Even more so when that building in Amazon.
http://oi45.tinypic.com/4vh8ow.jpg
Some bloodbath its off 2.5%
WTF?
yes, and there isn't actually any blood either.
if anyone tries to give me a bath, there will be
I can see why people downvoted me, I gave the wrong info, it's down only 1%, my bad you dumb fucking muppet bitches.
1.1% is the closing price. ZH is talking about after hours trading.
No shit sherlock.
http://data.cnbc.com/quotes/AMZN
It's down -.8%
That is point, eight percent.
Ahhhahaahah, BLOOOOODBATH...
Fucking donkeys around here I swear, worse than a bunch of Level I CFA candidate back office monkeys.
And then suddenly, the earning don't matter again. The QE and ZIRP matter.
Stock got down to $206ish at 4.10 then trickled up to $208 a minute or two later and then - I swear I saw it - flashed a trade at $228 (how, I don't know) - and suddenly the algos were in and it ended up where it did - only down a small amount.
incidentally, last quarter the stock sold off 7% AH and actually ended up rallying (overall) the following day.
Stay short.... there is no business here - and every quarter that goes by makes it more and more glaringly obvious.
This might usually be the time to start shorting. But the market has faith in Bernank, I expect a rebound off 13,000.
Sales are a loss leader for Amazon. At least that is what the market seems to believe. Apparently the idea is that eventually every consumer goods seller in the economy will be wholesale to Amazon's retail sales network. Indeed, many stores today exist merely to allow consumers to get hands on a product before buying it from Amazon (Best Buy is the model). Someday.....someday Amazon will be able to capture margins. Lots of money rests on that still unproven theory.
NO SHORTING ALLOWED...EVER!!!! Ben Shalom Bernanke said so...Fuck You Bernanke!
I do need more stuff but I don't really want to pay for it
The shopkeepers dilemma, on-line and bricks and mortar
And yes, the Kindle is proving to be nothing more than yet another fad rather than the latest and greatest razor-razorblade ecosystem paradigm.
Har, that is an opening for a gratuitous off topic post on razors. Somehow I got a Schick three blade disposable (Schick Extreme 3)(thus ruining the ecosystem from not recycling properly, which I really do) razor. The thing is outstandingly good even after seven weeks of use. Even at that many uses it still will shave well without anything but a water wet of the face. I do not know whether Schick is a public stock company or anything about it, but it is a fantastically good Merkin made product. No disposable comes remotely close to the performance of this product.
The economy available from a disposable is something new when compared to all other brands and types. If it is a publicly traded company it will get a huge kick from this product if enough people try them.
I found this: The razor company is today owned by Energizer Holdings, Inc., so this product is diluted by battery sales.
Sorry for being so off-topic, but there was a reference to rsazor blades and the ecology of that business. and I wanted to call attention to a fantastically good product.