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Message
re: Amazon down 10%
Posted on 7/29/14 at 2:07 pm to rintintin
Posted on 7/29/14 at 2:07 pm to rintintin
quote:
To be fair, they put almost all of their money back into the company. Which, as I said in my post before, is fine for a growing company, but at 20 years old you kinda wanna see some profits. They've pulled in over $80 billion in revenue over the past year. At what point do they plan on being profitable?
Probably not for a while. Why would they slow the growth so long before reaching WMT-level revenue? $80billion is a lot, but $500billion is a lot more, and they could conceivably get there in 10-15 years. Honestly, if Amazon were to slow the investment and show profits now, I think they would be doing their shareholders a disservice.
Buy every dip and hold forever.
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