Bottom-Up EquitiesDaily Briefs

Equity Bottom-Up: Amazon.com Inc and more

In today’s briefing:

  • Amazon 1Q21: The Fastest Growing Business in the World

Amazon 1Q21: The Fastest Growing Business in the World

By Aaron Gabin

Amazon’s businesses are booming. Retail is on a $400B runrate growing 45%. AWS $54B, growing 32%, Advertising $25B, growing 73%. We think the company is worth $3T or $6000 a share.

Obex’s fundamental research process is focused on secular change in the TMT and Consumer sectors. We seek to differentiate between fundamental business analysis and security analysis. Before deciding if a security’s pricing and positioning merit a long or short position, we analyze the four pillars of business fundamentals (Secular Factors, TAM, Competitive Advantage, Business Model) in order to determine if this is a “good” or “not so good” opportunity.


Related tickers: Amazon.com Inc (AMZN.O)

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