re: Amazon down 10%

quote:

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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.

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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.