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Holly LaFon
Holly LaFon
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Baron Funds Comments on Amazon.com

August 24, 2012 | About:

From Baron Funds' second quarter commentary:

Amazon.com Inc. (NASDAQ:AMZN) is the world's leading online retailer. Shares of Amazon (which was the worst performing stock in the fourth quarter of last year) were up 12.8%. The company reported good quarterly results with strong revenue growth and improving gross margins.We believe that Amazon, with its 180 million active customers, will be one of the main beneficiaries of continued growth in e-Commerce, which is less than 8% of total retail sales today.We think the e-Commerce market could triple over the next 10 years and that Amazon, with its Kindle digital media platform, Amazon Web Services and Amazon's third party businesses, will continue to increase the total share of consumer wallet. (Ashim Mehra)

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