Nice article Joseph, with some excellent points. I have always found it ironic that Amazon is such a Wall Street darling when the company has such a difficult time actually being profitable. And yes, the stock price is higher than it should be.
But in general, I've been won over. The more I think about it, Amazon is clearly a long term play and so is the company's strategy. For instance, the way they sell Amazon hardware (Kindle e-readers, tablets, phones, Amazon TV Echo etc) so cheap, some say at a loss is at first hard to fathom. But it further absorbs customers into the Amazon ecosystem. They end up buying more digital and even real products.
For instance the new Amazon Dash is so brilliant, I expect it will dramatically increase sales and revenues and is simply put, a smart, innovative product. Amazon is always thinking 10 steps ahead of other companies and that is why Amazon will end up (and stay up) on top.
Clearly I'm bullish on $AMZN, but after taking all the above into consideration, is the stock really so overpriced?
$AMZN cmon..NYC? it's just BEZOS ego flexing.He wants to be on the busiest corner on the planet..34th and fifth.EMPIRE SB no less! Just using the store as a billboard to push AMZN presence. thought it was a pickup center vs real retail like BBY.
Don't talk to me about Woolworths..I LIVED there as a child.lol
Is Amazon The Canary In The Market's Coal Mine?
Nice article Joseph, with some excellent points. I have always found it ironic that Amazon is such a Wall Street darling when the company has such a difficult time actually being profitable. And yes, the stock price is higher than it should be.
But in general, I've been won over. The more I think about it, Amazon is clearly a long term play and so is the company's strategy. For instance, the way they sell Amazon hardware (Kindle e-readers, tablets, phones, Amazon TV Echo etc) so cheap, some say at a loss is at first hard to fathom. But it further absorbs customers into the Amazon ecosystem. They end up buying more digital and even real products.
For instance the new Amazon Dash is so brilliant, I expect it will dramatically increase sales and revenues and is simply put, a smart, innovative product. Amazon is always thinking 10 steps ahead of other companies and that is why Amazon will end up (and stay up) on top.
Clearly I'm bullish on $AMZN, but after taking all the above into consideration, is the stock really so overpriced?
Brick-and-Mortar Retailers Must Reinvent Themselves To Survive The Shift To Online Shopping
$AMZN cmon..NYC? it's just BEZOS ego flexing.He wants to be on the busiest corner on the planet..34th and fifth.EMPIRE SB no less! Just using the store as a billboard to push AMZN presence. thought it was a pickup center vs real retail like BBY.
Don't talk to me about Woolworths..I LIVED there as a child.lol
Alibaba IPO Delayed To Address SEC Questions