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Amazon down 10%
Posted on 7/29/14 at 7:03 am
Posted on 7/29/14 at 7:03 am
Amazon is down 10% in the last 2 days. Is anyone using this as a buying opportunity? I have a hard time determining a good price point for this stock.
3
Posted on 7/29/14 at 8:14 am to LSUTOM07
I love Amazon. As a company they are everything a consumer wants, and I think they will be the dominant online retail center for my lifetime.
That being said, it's so hard to value Amazon numerically. Their margins are miniscule, competition is increasing, and their earnings are all over the place, which is fine for a growing company but with a market cap of nearly $150 billion you'd like to see some profit.
I love Amazon as a company, but I don't know if I want to own their stock. Weird.
That being said, it's so hard to value Amazon numerically. Their margins are miniscule, competition is increasing, and their earnings are all over the place, which is fine for a growing company but with a market cap of nearly $150 billion you'd like to see some profit.
I love Amazon as a company, but I don't know if I want to own their stock. Weird.
Posted on 7/29/14 at 9:53 am to rintintin
I'm in the same boat, I buy everything under the sun from them......but their stock has been relatively crappy.
Posted on 7/29/14 at 10:54 am to TJG210
quote:
but their stock has been relatively crappy.
Up almost 400% in the last 5 years... Not sure where you are getting this from. The point is to make money right?
Posted on 7/29/14 at 11:06 am to rintintin
quote:
I love Amazon. As a company they are everything a consumer wants, and I think they will be the dominant online retail center for my lifetime.
That being said, it's so hard to value Amazon numerically. Their margins are miniscule, competition is increasing, and their earnings are all over the place, which is fine for a growing company but with a market cap of nearly $150 billion you'd like to see some profit.
I love Amazon as a company, but I don't know if I want to own their stock. Weird.
i feel the same way. i really want to buy their stock, but i just can't.
i read the perfect quote on amazon's stock the other day... it's like paying $1 million for a house thats only worth $100k, with the rationale that one day the house will be worth $1 million.
This post was edited on 7/29/14 at 11:08 am
Posted on 7/29/14 at 1:00 pm to LSUTOM07
P/E of 845. 
Posted on 7/29/14 at 1:12 pm to Volvagia
quote:
P/E of 845
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?
Posted on 7/29/14 at 1:12 pm to rintintin
quote:
I love Amazon as a company, but I don't know if I want to own their stock. Weird.
I think that comes from the fact that we all know that Amazon can become a cash printing machine anytime they want but they seem perpetually content to spend the money as fast as it comes in on different projects.
At some point, they have to say "enough" and start banking some money, right?
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.
Posted on 7/29/14 at 2:30 pm to LSUTOM07
I did, but I have a simplistic philosophy.
Buy quality companies when they dip if I have the money to invest. I don't see Amazon going anywhere, and the phone could be big.
Buy quality companies when they dip if I have the money to invest. I don't see Amazon going anywhere, and the phone could be big.
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