[blank.gif?noscript] BusinessWeek magazine: The most-read source of global business news SEARCH SITE ____________________ Submit Advanced Search BusinessWeek Channels : BW Magazine, Daily Briefing, Investing, Asia, Europe, Technology, Autos, Innovation, Small Business, B-Schools and Careers Get Four Free Issues Register Subscribe to BW Customer Service Today's News News Archive News Search Special Reports Lifestyle Newsmaker Videos Markets Stocks Funds Sectors Economy & Bonds Investing Glossary Newsletter Sign-Up PREMIUM CONTENT MBA Insider BW MAGAZINE Get Four Free Issues Register Subscribe Customer Service ONLINE FEATURES Book Reviews BW Video Columnists Interactive Gallery Newsletters Past Covers Philanthropy Podcasts Special Reports BLOGS Auto Beat Bangalore Tigers Blogspotting Brand New Day Byte of the Apple Deal Flow Economics Unbound Fine On Media Hot Property Investing Insights New Tech in Asia NussbaumOnDesign Tech Beat Working Parents TECHNOLOGY J.D. Power Ratings Product Reviews Tech Stats Wildstrom: Tech Maven AUTOS Home Page Auto Reviews Classic Cars Car Care & Safety Hybrids INNOVATION & DESIGN Home Page Architecture Brand Equity Auto Design Game Room SMALLBIZ Smart Answers Success Stories Today's Tip INVESTING Investing: Europe Annual Reports BW 50 S&P Picks & Pans Stock Screeners Free S&P Stock Report SCOREBOARDS Hot Growth 100 Mutual Funds Info Tech 100 S&P 500 B-SCHOOLS Undergrad Programs MBA Blogs MBA Profiles MBA Rankings Who's Hiring Grads BW EXTRAS BW Digital BW Mobile BW Online Alerts Dashboard Widgets Podcasts RSS RSS Feeds RSS Reprints/ Permissions Conferences Research Services JULY 24, 2002 Advice from Standard and Poors WORD ON THE STREET USB Piper Says Buy Amazon on Weakness Although analyst Safa Rashtchy says the online media company's revenues were weak, he thinks investors should focus on margins and profits STORY TOOLS Printer-Friendly Version E-Mail This Story Related Items Word on the Street Archive PEOPLE SEARCH Search for business contacts: First Name : ____________________ Last Name : ____________________ Company Name : ____________________ Submit PREMIUM SEARCH Search by job title, geography and build a list of executive contacts Search by Zoominfo USB Piper says buy Amazon.com (AMZN ) on weakness. Analyst Safa Rashtchy says weakness is due to expectations of even higher revenue growth. However, he thinks the focus should be on margins and profits. Rashtchy believes a key highlight of second quarter performance was delivering 6% EBITDA margin, which is what he targeted for 2003. He notes this is despite lower prices, a direct result of increased efficiencies, and buying power. Margin growth translates into much higher profits for 2003, making valuation significantly better. Rashtchy raised the $0.11 2003 loss (GAAP) estimate to $0.05 earnings per share. He reiterates his outperform rating and $17 target. Any advice, analysis, or recommendations contained in articles labeled "Insight from Standard & Poor's" reflect the views of Standard & Poor's, which operates separately from and independently of BusinessWeek Online. It is possible that BWOL may from time to time publish information that is not consistent with advice, analysis, or recommendations that are published by Standard & Poor's. Standard & Poor's and BusinessWeek Online are each units of The McGraw-Hill Companies, Inc. #XML XML XML XML XML XML XML Get BusinessWeek directly on your desktop with our RSS feeds. XML Add BusinessWeek news to your Web site with our headline feed. Click to buy an e-print or reprint of a BusinessWeek or BusinessWeek Online story or video. To subscribe online to BusinessWeek magazine, please click here. Learn more, go to the BusinessWeekOnline home page Back to Top JULY TODAY'S MOST POPULAR STORIES 1. A Superhero Suit for Athletes 2. What the Boss Drives 3. The Best B-Schools Of 2006 4. Is That a Virtuous Cycle at Cisco? 5. Where Housing Prices Will Fall the Most Get Free RSS Feed >> MARKET INFO DJIA 12002.37 -9.40 S&P 500 1368.60 +1.64 Nasdaq 2342.30 +1.36 ____________________ go Stocks Drift amid Caterpillar, Google Create / Check Portfolio Launch Popup Ticker [bw_rule.gif] [bw_mcgrawhilllogo.gif] Copyright 2002, by The McGraw-Hill Companies Inc. All rights reserved. Terms of Use | Privacy Policy Media Kit | Special Sections | MarketPlace | Knowledge Centers McGraw-Hill Cos.