Presidents Day Sale: 12 Unbeatable Trades at Sale Prices
-
Amazon.com (AMZN)
-
Finding the Way to Profit in Tough Times
-
By Chris Johnson and Jon Lewis
Amazon.com (AMZN) cheap?? The stock is trading in the mid-$60s, and it’s almost doubled off its November low.
That’s true but Amazon has reached far higher -- around $100 in October 2007 and $110 going back to 1999. More importantly, AMZN is emerging as a retail leader in a lousy economy. Its Web traffic blew away the competition during the crucial holiday season, and its most-recent earnings number crushed expectations by 33%.
Put simply, Amazon.com has figured out how to grow the top and bottom lines in a terrible environment. What’s more, the Street hasn’t caught on, as only five of 20 covering analysts rate the shares a “buy.”
Get on board before the Street does. If you want to play an option with a long-term view, look at the AMZN January 2010 75 Call (WEWAO) for about 10 bucks.
