In this episode Scott Becker shares 5 quick notes on Amazon.
Amazon is searching for direction. While on one hand it has been cutting brick and mortar stores the last 2 plus years, it’s CEO says it still plans to “go big” on grocery stores. Another analyst advises it should more fully aggressively focus on its strengths: Ecommerce, AWS, and, I assume, streaming along with prime. Amazon is down 35% over the last year, but up 18% YTD. Its PE ratio is currently 99.54. Amazon is the 4th largest firm by market cap and 2nd by revenues. It’s annual revenues now approach
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