【转】章兴国：评 Amazon 2018 年 4季度报告

评 Amazon  2018 年 4季度报告

 

章兴国

2019-01-31

 

Amazon 的 report 包罗万象。

Alexa, AI, echo dot, ring, IMDb, AWS, 2 new AI chips, souq  (whatever that was), Amazon air, SageMaker, re.MARS, re.Invent, blockchain, Amazon studio,....

Impressive, also made me dizzy. [Smile]

 

The downside?

1. Q1 revenue was guided down from 60.9 to between 56 and 60. Earning guidance not great. 

2. All previous successes become high marks which are hard to measure up in future.

Example:  high margin with $15 minimum wage.

 

Seeing alpha has an article on huge multiple expansion on the stock after 2016, which is likely to come down. Meaning: price over sales come to below 2.7.

 

盘后交易显示，Amazon 股票掉了 4.9%。明天的走向不乐观。