Thanks, Slate, for regurgitating what you heard a friend mention in a coffee shop and looking on Google Finance for a few numbers to fill in.
The first lines from the Argus report show:
"...management's emphasis on keeping prices low and heavy infrastructure investments...Most of the weakness appears to be in the International division, as the company expands operations in economically weak markets such as Europe and China."
(If you want to read Argus reports, many stock trading sites will give you free access after opening an account.)
Edit: not sure why I'm being downvoted; afterall, I'm responding to an Article which has this line: "That's because Amazon, as best I can tell, is a charitable organization being run by elements of the investment community for the benefit of consumers"
The first lines from the Argus report show:
"...management's emphasis on keeping prices low and heavy infrastructure investments...Most of the weakness appears to be in the International division, as the company expands operations in economically weak markets such as Europe and China."
(If you want to read Argus reports, many stock trading sites will give you free access after opening an account.)
Edit: not sure why I'm being downvoted; afterall, I'm responding to an Article which has this line: "That's because Amazon, as best I can tell, is a charitable organization being run by elements of the investment community for the benefit of consumers"