AMZN, daily
AMZN, weekly
Summary
So, the company that still can't make a profit - despite global annual sales of $61 billion, is making a play to break into the $300s.
Forward P/E is in the 90s, but that assumes the company will make a fractional profit this year. Based on the past few quarters, a profit - even a small one, seems rather unlikely.
see key stats @ yahoo finance!
Good company, but crazy valuation
Without question, AMZN is one of the worlds leading highest quality online retailers, is there anyone who doesn't regularly use it? Yet, it simply is not able to make a profit.
The notion from many analysts that 'don't worry, it will at some point', is simply not acceptable in my view. Yes, it is investing heavily in a great deal of distribution infrastructure (across the globe), but you'd think management might still want to be making 3-5% a year for shareholders.
Instead, AMZN is a loss making company, pays no dividends, and has one of the highest valuations out there.
How high with the momo chasers take it?
If the main US equity market holds together into spring 2014, where will AMZN be trading then, how about the 400s...hell, why not the 500s? After all, if you're one of the worlds biggest retailers, since when did making a profit matter?
