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David Stockman: Amazon And The Fantastic FANGs…

by Dave Kranzler | Jan 14, 2016 | Financial Markets, Market Manipulation, U.S. Economy

…A Bubblicious Breakfast Of Unicorns And Slippery Accounting Consider the case of Amazon. Its PE multiple on LTM net income of $328 million has dropped from 985X all the way to…….well, 829X! Likewise, it’s now valued at 97X its $2.8 billion of LTM free cash flow...

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