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Friday, 28 November 2014

Amazon undeservedly absorbs Apple optimism

Bananas and apples

The online retailer’s profit rose a bit in Q4, but the 1.9 pct operating margin remains as slim as the justification for Amazon’s valuation of 165 times expected earnings. Apple’s 32 pct margin fetches it only a multiple of 10. The discrepancy is now even harder to compute.



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