$AMZN on 60X PE misses Sales, forward Sales, & suffers blow out in operating costs of 15% => but books $12bn profit on RIVN (just fell 50% since IPO) to boost NPAT & “beat” expectations
60X PE for $AMZN – Where will be in 3mths Q1-22? i) Sales 4% downgrade today – so ecommerce likely delivering even larger losses (-$2bn Q4-21!)ii) RIVN mark to market -$4bn in losses – stock down -50% since 👀 — …