Year-to-date gains: 100%
The company’s steadily grown its revenue from $494 million in 2004 to $876 million in 2009 to $1.2 billion over the past four quarters. Oh, and the company appears to have permanently swung to a profit last year.
That may be why the stock’s up around 100% for the year so far.
So what do analysts not like about the online retailer? Merrill Lynch said customers were lacking, and that revenue growth was inconsistent, doubting four straight quarters of year-over-year sales improvements meant anything.
It’s a valid opinion. It’s just wrong.