As part of our Online And Direct To Consumer Retailing Report we spoke with Hamed Khorsand Analyst BWS Financial Inc. where he talked about E-commerce Investment Themes and his decision to downgrade Amazon to a sell;

Mr. Khorsand: From a business perspective, they (Amazon:AMZN) are doing everything right, and they’ve always done everything right. They have the best brand, they’ve always maintained the best pric­ing and the customer is always happy. Our “sell” rating has nothing to do with what management is doing, our “sell” rating has to do with what the market is doing, and the market is putting the astro­nomical valuation on the stock. And the fundamentals are starting to deteriorate compared to what expectations are

Follow us on TWITTER  for exclusive content and content updates

This entry was posted on Tuesday, October 20th, 2009 at 10:29 am and is filed under Consumer Stocks. You can follow any responses to this entry through the RSS 2.0 feed.