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. Its the investment you should want out of amazon it will get harder for anybody to compete with amazo...
Source: archive.org