, Inc. (AMZN): The Pros & Cons According to Jon Najarian & Dan Nathan

0, Inc. (NASDAQ:AMZN)’s pros and cons were discussed by Jon Najarian and Dan Nathan in a segment of “Bull vs. Bear” on CNBC’s “Fast Money”.

According to Najarian,, Inc. (NASDAQ:AMZN) is a good stock to buy at the moment because of recent third-party companies’ optimistic outlook on the electronic commerce giant, a projected increase in gross margins, and the non-event which was the Fire Phone.

Najarian was referring to recent numbers put out by ChannelAdvisor saying that same-store sales among clients of, Inc. increased 40.4% compared to the same quarter a year ago. This metric was also reported to have risen 34.4% compared to the previous quarter.

Najarian also said noted that Bernstein analysts have put a price target of $450 on the company which he thinks is a reasonable price target. Furthermore, he said that gross margins for the world’s largest electronic commerce company is projected to increase by 2%.

Furthermore, Najarian said that even though the Fire Phone was not successful, it is not really a big issue for, Inc. (NASDAQ:AMZN).

Amazon, is AMZN a good stock to buy, Jon Najarian, Dan Nathan, bull vs bear,

However, Nathan pointed out that the Fire Phone is representative of the problem with, Inc. (NASDAQ:AMZN). He said that the company prefers to lose money on projects like the Fire Phone just to keep it out on stores.

Additionally, Nathan noted that while the company is increasing sales, it continues to report losing quarters meaning they are not making more money on more sales.

He said that this attitude, coupled with the past three consecutive performance report from, Inc., has shifted the market’s opinion against the company., Inc. (NASDAQ:AMZN) shareholders includes Christopher Lord’s Criterion Capital which reported 444,148 shares in the company by the end of the second quarter.

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