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Gorgeous
| Favorite team: | LSU  |
| Location: | New York, New York |
| Biography: | |
| Interests: | |
| Occupation: | |
| Number of Posts: | 13 |
| Registered on: | 9/2/2011 |
| Online Status: | Not Online |
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This is pure wisdom.
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re: Obligatory Annual Blogroll Thread
Posted by Gorgeous on 12/5/11 at 9:38 am to RedStickBR
Abnormal Returns
Credit Writedowns
Dealbook
Dealbreaker
Market Folly
Pragmatic Capitalism
Seeking Alpha
Valuewalk
Zero Hedge
Credit Writedowns
Dealbook
Dealbreaker
Market Folly
Pragmatic Capitalism
Seeking Alpha
Valuewalk
Zero Hedge
re: LSU v. Alabama -- BCS NGC 01/09/12 @ Mercedes-Benz Superdome
Posted by Gorgeous on 12/4/11 at 3:25 pm to Uncle JackD
They're likely going to expire worthless in 4 hours...
They gave the analysts who failed that another shot in two or so months at my firm. I'd say about 10% or so failed in my analyst class.
I'd imagine that rate would be lower if a first time fail = lose your job.
I'd imagine that rate would be lower if a first time fail = lose your job.
healthcare
Nice. I'm trying to get out of here in June and get to a hedge fund. :cheers:
Depends on your group really. The first year is literal torture. I'm in my second year and it's not that bad. You get faster and progress up the learning curve pretty quickly after 6 or so months.
If you're still working 100+ hours weekly in your second year as an analyst, you're either in a severely understaffed group, an incredible economic climate (which will make it all worth it come bonus time), or just flat-out slow.
If you're still working 100+ hours weekly in your second year as an analyst, you're either in a severely understaffed group, an incredible economic climate (which will make it all worth it come bonus time), or just flat-out slow.
Some of the comps I looked at range from eBay (e-Commerce) to Barnes and Nobles (Books) to Google (Internet Company).
None are anywhere near perfect as Amazon seems to be the amalgamation of all three. But what I'm trying to say is the margins are already slim in a normalized operating environment (~3-5% historically) and no amount of fulfillment and marketing costs should justify such thin margins.
The point I'm trying to make it that sales and earnings have been diverging over the past few quarters. Eventually (and I think that time is now), investors will start to focus on earnings gains rather than revenue gains. No more passes for outsized investment spend that isn't translating into profits.
In short, Amazon is accelerating investment spending faster than revenue growth. Not my type of company even if the spending is somewhat justified for the buildout of Kindle Fire. I love both Netflix and Amazon as a consumer; hate them as companies.
Yeah I'll try to post more often but banking is killing me :banghead:
None are anywhere near perfect as Amazon seems to be the amalgamation of all three. But what I'm trying to say is the margins are already slim in a normalized operating environment (~3-5% historically) and no amount of fulfillment and marketing costs should justify such thin margins.
The point I'm trying to make it that sales and earnings have been diverging over the past few quarters. Eventually (and I think that time is now), investors will start to focus on earnings gains rather than revenue gains. No more passes for outsized investment spend that isn't translating into profits.
In short, Amazon is accelerating investment spending faster than revenue growth. Not my type of company even if the spending is somewhat justified for the buildout of Kindle Fire. I love both Netflix and Amazon as a consumer; hate them as companies.
Yeah I'll try to post more often but banking is killing me :banghead:
re: AMZN down 15% after hours
Posted by Gorgeous on 10/26/11 at 9:44 am to LSURussian
$79 income from operations / $10,876 net sales
pg 4 10q
pg 4 10q
No business model should strive for a 0.7% operating margin. Margins were pathetic compared to historical performance and other e-commerce corporations(though Amazon has no true comp). A company with the branding and scale of Amazon shouldn't be fighting to break even.
Shipping costs and revenue are broken out on page 21 of the 10-Q. Of course, Amazon's shipping costs are always going to be higher than shipping revenue due to the myriad of promotions they run (Free shipping for $25+, year-long student and mother trials for Amazon prime, etc). But net shipping costs as a % of revenue increasing nearly 30% YoY is concering.
Cash flow is definitely more important than income. But to explain why it dropped 10%+, the market is severely punishing momentum stocks (Netflix, First Solar, Green Mountain) that aren't meeting revenue and growth estimates.
Shipping costs and revenue are broken out on page 21 of the 10-Q. Of course, Amazon's shipping costs are always going to be higher than shipping revenue due to the myriad of promotions they run (Free shipping for $25+, year-long student and mother trials for Amazon prime, etc). But net shipping costs as a % of revenue increasing nearly 30% YoY is concering.
Cash flow is definitely more important than income. But to explain why it dropped 10%+, the market is severely punishing momentum stocks (Netflix, First Solar, Green Mountain) that aren't meeting revenue and growth estimates.
re: AMZN down 15% after hours
Posted by Gorgeous on 10/25/11 at 9:17 pm to Chad504boy
Pathetic operating margins.
Scattershot guidance.
Shipping costs growing two times faster than shipping revenue year-over-year.
Choose one.
At some point, the market looks to profits instead of revenue growth. Think Amazon is there.
Scattershot guidance.
Shipping costs growing two times faster than shipping revenue year-over-year.
Choose one.
At some point, the market looks to profits instead of revenue growth. Think Amazon is there.
Ouch. First year analyst at a boutique, I'm guessing? It gets better once you get up to speed. Bonus season makes it worth it too :cheers:
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