Managing Partner, VRS (Valuation & Research Specialists)

VRS (Valuation & Research Specialists)

Managing Partner

Valuation & Research Specialists (VRS) is a boutique financial advisor with more than 17 years of experience in Corporate Valuation and Finance, and a diversified client base including some of the largest Companies in Greece.

Since 2002, VRS has completed more than 200 engagements in the areas of business valuation and financial analysis for more than 100 clients in a wide range of industries.

VRS has been honored to work with small and large private and publicly traded companies in Europe and overseas.

Boutique Financial Advisor

Equity Bottom-Up

<ul><li>Since the late 1990s, Amazon has emerged as a paradigmatic case in business history.</li><li>From its origins as an online bookstore to becoming a global powerhouse reshaping retail, cloud computing, and digital entertainment, Amazon’s trajectory has been defined by disruptive innovation and strategic foresight.</li><li>By analyzing its stock price evolution (based on closing prices), we can trace how the company navigated cyclical challenges, seized opportunities, and ultimately solidified its market dominance.</li></ul>

Since the late 1990s, Amazon has emerged as a paradigmatic case in business history.From its origins as an online bookstore to becoming a global powerhouse reshaping retail, cloud computing, and digital entertainment, Amazon’s trajectory has been defined by disruptive innovation and strategic foresight.By analyzing its stock price evolution (based on closing prices), we can trace how the company navigated cyclical challenges, seized opportunities, and ultimately solidified its market dominance.

Company & Stock Analysis:  Amazon, Inc. - October 31, 2025

<ul><li>Amazon.com, Inc. is a leading global technology and e-commerce conglomerate based in the United States, with a dominant and expanding presence across international markets, particularly in sectors such as cloud computing, digital streaming, and logistics.</li><li>The company’s shares have been listed on the Nasdaq Stock Market since 1997 and are included among the companies with the highest market capitalization globally.</li><li>Additionally, Amazon.com’s stock is included in a series of prominent indices, such as the Nasdaq 100, S&amp;P 500, and Dow Jones Industrial Average (DJIA). </li></ul>

Amazon.com, Inc. is a leading global technology and e-commerce conglomerate based in the United States, with a dominant and expanding presence across international markets, particularly in sectors such as cloud computing, digital streaming, and logistics.The company’s shares have been listed on the Nasdaq Stock Market since 1997 and are included among the companies with the highest market capitalization globally.Additionally, Amazon.com’s stock is included in a series of prominent indices, such as the Nasdaq 100, S&amp;P 500, and Dow Jones Industrial Average (DJIA). 

Stock Analysis - AMAZON.COM, INC. Common Stock - May 5, 2025

Research from Water Tower Research, Water Tower Research

Water Tower Research

Research from Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Equity Research Firm

Thematic (Sector/Industry)

<ul><li>Computing, and thus data centers, are becoming more critical to nearly every business (thank AI).</li><li>In this edition of Tech Talk, we focus on green and crypto data centers, highlighting their specific needs, characteristics, market dynamics, and leading vendors.</li><li>Simply put, a green data center uses many of the standard computer systems and networking equipment of other data centers, but with a strong emphasis on minimizing environmental impact. </li></ul>

Computing, and thus data centers, are becoming more critical to nearly every business (thank AI).In this edition of Tech Talk, we focus on green and crypto data centers, highlighting their specific needs, characteristics, market dynamics, and leading vendors.Simply put, a green data center uses many of the standard computer systems and networking equipment of other data centers, but with a strong emphasis on minimizing environmental impact. 

Tech Talk: Next-Gen Data Centers Green and Crypto Data Centers

<ul><li>We expect e-commerce to have a strong 2H24, allowing the sector to meet or exceed 11% growth expectations 2024 as Amazon’s same-day/one-day initiatives appear to be reviving the secular shift from brick-and-mortar retailers.</li><li>We continue to watch other secular adoption trends, including mobile commerce (m- commerce) and buy now, pay later (BNPL), which should also help drive growth.</li><li>Despite some signs of a slowing economy/consumer, digital advertising should have a solid 2H24 and meet/slightly exceed 9% growth expectations for the year.</li></ul>

We expect e-commerce to have a strong 2H24, allowing the sector to meet or exceed 11% growth expectations 2024 as Amazon’s same-day/one-day initiatives appear to be reviving the secular shift from brick-and-mortar retailers.We continue to watch other secular adoption trends, including mobile commerce (m- commerce) and buy now, pay later (BNPL), which should also help drive growth.Despite some signs of a slowing economy/consumer, digital advertising should have a solid 2H24 and meet/slightly exceed 9% growth expectations for the year.

Five Trends in 2H24 - Tweaking Growth Expectations for Key Markets in 2024

<ul><li>Setting up to be a crucial quarter for the major cloud infrastructure providers and broader tech as investors focus on the cost/benefits of AI.</li><li>Over the last decade, AMZN, MSFT, and GOOGL have garnered outsized investor attention, in part due to their size, but equally due to each of their rapidly growing tech infrastructure businesses (AWS, Azure, and GCP, respectively).</li><li>Based on the capex commentary from all three exiting the December quarter, investors are hoping for early signs of business AI traction, but also bracing for greater clarity around the costs.</li></ul>

Setting up to be a crucial quarter for the major cloud infrastructure providers and broader tech as investors focus on the cost/benefits of AI.Over the last decade, AMZN, MSFT, and GOOGL have garnered outsized investor attention, in part due to their size, but equally due to each of their rapidly growing tech infrastructure businesses (AWS, Azure, and GCP, respectively).Based on the capex commentary from all three exiting the December quarter, investors are hoping for early signs of business AI traction, but also bracing for greater clarity around the costs.

Cloud Infrastructure Monitor - Upcoming Earnings Season Marks a Crucial Point for Sector and AI

United States

Amazon.com, Inc. is an online retailer that offers a wide range of products. The Company's products include books, music, videotapes, computers, electronics, home and garden, and numerous other products.  Amazon offers personalized shopping services, Web-based credit card payment, and direct shipping to customers.

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Amazon (AMZN US)

Company & Stock Analysis: Amazon, Inc. - October 31, 2025

By analyzing its stock price evolution (based on closing prices), we can trace how the company navigated cyclical challenges, seized opportunities...

VRS (Valuation & Research Specialists)

Stock Analysis - AMAZON.COM, INC. Common Stock - May 5, 2025

Amazon.com, Inc. is a leading global technology and e-commerce conglomerate based in the United States, with a dominant and expanding presence...

VRS (Valuation & Research Specialists)

Tech Talk: Next-Gen Data Centers Green and Crypto Data Centers

In this edition of Tech Talk, we focus on green and crypto data centers, highlighting their specific needs, characteristics, market dynamics, and...

Water Tower Research

Five Trends in 2H24 - Tweaking Growth Expectations for Key Markets in 2024

We continue to watch other secular adoption trends, including mobile commerce (m- commerce) and buy now, pay later (BNPL), which should also help...

Water Tower Research

Cloud Infrastructure Monitor - Upcoming Earnings Season Marks a Crucial Point for Sector and AI

Setting up to be a crucial quarter for the major cloud infrastructure providers and broader tech as investors focus on the cost/benefits of AI.

Water Tower Research

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