CNBC Squawk Alley July 13, 2024
Joining us is mark mahney and mark blacklength. Mark, we have covered some of the sources of worry in the earlier hours. I think i saw you cut your target about 100 bucks is that right . Yeah, thats right. Look whats the thinking yeah. Were going to buy this dip. You are getting close to a trough multiple on amazon. Its around 15 tyimes cash flow you are close to a bottom. This oneday investment thats depressing margins near term, this is the kind of investment you should expect out of amazon. I...
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