Matthew Waterman
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Matthew Waterman in Brand Power,

Stop Buying Amazon's Magic Beans

Summary

  • As an investor, profitability is the most important thing.
  • In spite of doubling their market cap this year, Amazon hasn't shown strong profits.
  • Two years ago this stock tanked on a valuation that was lower. It's time for another pullback.

Trees do not grow to the sky, folks. Beanstalks only do in fairy tales. It is a long drop down from this point. It's been a good amount of time, but I have been bearish about Amazon (AMZN) before. I have a notorious Facebook (FB) posting that I made two Christmas seasons ago in the "Value Investing" group, mentioning that I thought the stock was expensive:

Read the rest at Seeking Alpha: http://seekingalpha.com/article/3687996-stop-buying-amazons-magic-beans