Get Ready For Amazon's Worst Quarter In History
https://seekingalpha.com/article/4500771-amazon-worst-quarter-in-history
- Amazon's 4th quarter EPS was juiced by $11.8 billion because of mark-to-market accounting for their Rivian stake.
- At the date of that valuation, Rivian stock was north of $100. Now, it’s been chopped in half.
- Because of this, Amazon is about to report its biggest quarterly loss in their 25 years as a public company.
- When this ugly EPS headline hits the tape, it may create a buying opportunity after hours or in the days to follow.