Credit Suisse’s Mistaken Amazon Appraisal Is But The Tip Of The Iceberg
SEATTLE, WA – JUNE 16: A visitor checks in at the Amazon corporate headquarters on June 16, 2017 in Seattle, Washington. Amazon revealed that it will buy Whole Foods Market, Inc. for over $13 billion. (Photo by David Ryder/Getty Images) In my viewpoint, a methodological flaw is triggering Credit Suisse’s price target for Amazon to be significantly i.
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See all stories on this topic 4 Reasons that Amazon Is So Tough to Take on
When Amazon (NASDAQ: AMZN) purchased Whole Foods Market in June, the news leveled the grocery store industry. Even titans like Wal-Mart and Costco Wholesale saw their shares suffer as investors feared that Amazon’s attack in the grocery market would crunch margins and take market share. The early outcomes show that those fears were jus …
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