Ok Glen, If you are looking at fundamentals and nothing else, then no, you wouldn't buy AMZN. You would probably buy something like PAIR, a low PE stock, no debt 53 mil float, price/book of 2.25. And you would have also watched your bank CD return more than PAIR. Or you can buy AMZN with valuation off the chart, but with huge demand, household name, and a peek into how commerce will be conducted into the 21st century. It will force other companies to build business models "like Amazon"
and as far as the "bubble"-let's get over it...there is no bubble, I fully expect normal corrections as in every stock, it is no reason to panic and sell your shares. The stock is volatile, no question, but it will continue to advance. |
