Image Source: Unsplash
On October 17, 2022, I posted a video suggesting that: “Don’t Just Buy From Amazon – Buy Amazon.” At that time, Amazon stock (AMZN) was selling at approximately $107 a share, and based on consensus analyst estimates of operating cash flow, the stock appeared undervalued. However, estimates did deteriorate temporarily, and the stock now trades at approximately $99 a share. Investors are often so focused on price action that they often lose their presence of mind.
Amazon Stock
Consequently, I’ve been asked to provide an update on Amazon stock which I offer here. One of the most important points I want to make is that a temporary interruption in a great business is often more about opportunity than risk. Stated more directly, the temporary issues currently facing Amazon represent an even better opportunity than when I first published the video.
Video Length: 00:12:31
More By This Author:
AAP: Buy This Stock For Its 4% Dividend, Safety And Profit Potential
Owens Corning Is A High-Quality Dividend Growth Stock Offering High Returns
5 Dividend Growth Stocks Offering A Margin Of Safety
Comments
Log in or sign up to join the conversation.