01-31-2014, 04:17 PM
Been waiting on this drawdown for a while. I was hoping it would have been a lot more. I think Amazon is seen as one of those "safe bet companies that COULD skyrocket". Amazon's revenue is $74 billion. Walmart's is $470 billion. So in sales of goods alone there's tons of room for Amazon to grow.
But Amazon always looks really ugly on the P/E ratio.
So far they've dropped about 11%, which is a little tempting. If they'd dropped 50% I'd throw everything I had at them.
But Amazon always looks really ugly on the P/E ratio.
So far they've dropped about 11%, which is a little tempting. If they'd dropped 50% I'd throw everything I had at them.