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oldfart65 (42.67)




August 30, 2013 – Comments (0)

For the life of me I can't figure out why Amazon trades even NEAR their levels.  Understand, I am a very loyal customer of the company.  BUT they regularly miss earnings estimates (when they even have earnings), current ratio is a terrible 1.1X, except for last year, gross margin is STUCK at 24-25%, returns on equity AND assets is straight down, price to cash flow is an ungodly 62X.

 Amazon is the "wait till next year" company on earnings.  It is 20 years old and the only thing it does is increase sales and produce minimal to no earnings.  This is not a 2 year old internet company with its future earnings in front of it.   Are investors paying for earnings or sales? Even its price/sales is declining.

As a customer, I love the company.  IF I was an investor I would be asking -WHERE'S THE BEEF(EARNINGS)?  (I guess this is why I'm not rich)

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