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Once simply an online purveyor of books, Amazon.com has become a marketplace for just about anything you’d want to buy.
This stock has too much market coverage for its current P/E ratio. The stock price is simply not sustainable, and the market has over valued it, based on future hopes of growth. With Govs going broke, and imposing new taxes on internet sales, buying online is less attractive, given shipping costs and, now, taxes. I do believe the company model is good, and will not go bankrupt, but i do not believe in ANY company with this much hype/ earnings.
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