Amazon.com Inc. (NASDAQ: AMZN) cheap?
The stock is trading in the mid-$60s, and it's almost doubled off its November low. But Amazon has reached far higher -- around $100 in October 2007, and $110 going back to 1999.
More importantly, AMZN is emerging as a retail leader in a lousy economy. Its Web traffic blew away the competition during the crucial holiday season, and its most-recent earnings number crushed expectations by 33%.
Put simply, Amazon.com has figured out how to grow the top and bottom lines in a terrible environment.
What's more, the Street hasn't caught on, as only five of 20 covering analysts rate the shares a "buy."
Get on board before the Street does.
Take a look at all four Wall Street Presidents Day sales.
Chris Johnson is a contributor to OptionsZone.com.
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