These businesses are not meant to be managed on a quarterly basis but people take quarterly results and extrapolate them to come up with a long-term value for the stocks. You have to look at them with time horizons of two or three years, not two or three months.
More Quotes from Scott Devitt:
I would expect this sell-off to continue tomorrow. It will be an interesting day in the Internet sector tomorrow. I can guarantee you that.Scott Devitt
The numbers, honestly, are at times unfathomable for us.
Scott Devitt
Their growth rate internationally is still above 50 percent. If eBay is at 37 times forward earnings and maintaining 30 percent margins, that's a good investment at current valuations.
Scott Devitt
Amazon is really getting hit from both sides. The business environment, especially in the United States, is very, very competitive.
Scott Devitt
We found Amazon results to be mixed and we believe the shares could be weak through the springsummer months.
Scott Devitt
The stock had gotten a little ahead of itself.
Scott Devitt
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