Amazon – 5 Quick Notes 2-14-23

In this episode Scott Becker shares 5 quick notes on Amazon.

1. 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.
2. Another analyst advises it should more fully aggressively focus on its strengths: Ecommerce, AWS, and, I assume, streaming along with prime.
3. Amazon is down 35% over the last year, but up 18% YTD.
4. Its PE ratio is currently 99.54.
5. Amazon is the 4th largest firm by market cap and 2nd by revenues. It’s annual revenues now approach