Friday, February 15, 2013

AMZN: First Adopter takes Morgan Stanley to task...

9:09 AM First Adopter takes Morgan Stanley to task over the methodology used to forecast that the eBook market in the U.S. is larger than anticipated. The logic conclusion is that by asking consumers how many e-books they buy a month - instead of how many they buy a year - the total e-book demand numbers get inflated. If his take is correct, this week's rally in Amazon (AMZN) looks suspect. (Related on AMZN: Morgan Stanley's Ever-Changing Story) Read comments

AMZN price at time of publication: $269.24. Check AMZN price now »

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