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re: Amazon just crushed earnings
Posted on 4/28/16 at 9:46 pm to LSU1018
Posted on 4/28/16 at 9:46 pm to LSU1018
Still "expensive" in terms of valuation, but they are a monster, so I don't see them getting too much cheaper either. This is a buy the dip, because there will always be dips.
They've finally turned profitable 2q in a row now, which is a great vote of confidence.
They've finally turned profitable 2q in a row now, which is a great vote of confidence.
1
Posted on 4/28/16 at 10:02 pm to TigerDeBaiter
The reality is Amazon as amazing a company as it may be, and believe me I use amazon a ton, is just ridiculously valued. Tomorrow when it opens close to $700 you're talking a $315B+ valuation. What is the upside to a purchase up here? Is amazon going to be $630B? Which would be a 100% trade? I mean apple is only $540B and they have $200B+ of cash lol amazon is nowhere near that level of cash reverse.
So as amazing as amazon as, the valuation, which has always been absurd, is reaching levels of ridiculousness. Amazing company, amazing stock.....but if you buy up here, dont be shocked if you dont get rich.
So as amazing as amazon as, the valuation, which has always been absurd, is reaching levels of ridiculousness. Amazing company, amazing stock.....but if you buy up here, dont be shocked if you dont get rich.
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