This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Amazon All About the Ladies

Stocks in this article: AMZN

Games are another media type, and the Fire has more simple games integration. But it adds a mom-friendly feature called FreeTime, which lets you give a Fire to your child but limit how much time they can spend with it. Now pull out your iPad and do your homework, kid. (Awww, mom!)

The specs are there, but they're not the issue. There was no mention of the browser, but who cares about the Internet when Amazon is your only destination? Whether a media tablet is faster than an iPad is less relevant than the fact you have a shopping mall in your hand, a book to read on the train, a movie to watch on the plane, and price comparisons at the store.

All through the press conference reporters argued about whether Amazon can make money with prices ranging from $69 for a slightly-updated Kindle with ads to $199 for a new Fire without.

At the risk of angering all the Amazon bears I meet on investment boards, that too is not the point, my friend. The point is growth, the point is securing customers in a bearhug tighter than even Walmart (WMT) can give them. If you're not putting every dollar that comes in back into growth, Bezos figures, it's wasted money.

As the press conference went on the price of AMZN bounced between a low of $250 a share and a high of $252.44 -- the last, an all-time high. That's an earnings multiple of over 300.

Revenue has doubled between 2009 and 2011, and you're looking at another big jump in 2012. All that money is going back into sustaining those sales and growing them further.

Growth is the point. Loyalty among women, the hands the hold the pursestrings, is the point. Just as growing its cloud into a network and expanding that network globally is Bezos' point.

Will that point sustain the stock? Stay tuned.

At the time of publication, Blankenhorn owned no shares in the stocks mentioned here.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.

2 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs