This is the company that is killing bricks and mortar retailers? Really?
This is a company with $75 billion in sales and net income of $265 million.
Their PE ratio is 1,400.
Do juggernauts have this trend in operating margins?
A company like this selling for $400 per share is joke. Cramer says buy.
Cramer is an insider whose job it is to get people to buy stocks that will lose value.
Amazing, internet bubble 2.0.
Amazon’s Market Cap: $184.47B
Facebook: closed above $61
Market Cap: $149.94B
P/E (ttm): 156.21
EPS (ttm): 0.39
Twitter: closed above $63
Market Cap: $34.57B
P/E (ttm): N/A
EPS (ttm): -0.20
Cramer says buy so the insiders have suckers to sell to.
People would be better off getting stock tips from Kramer on Seinfeld.
I have had my head ripped off 3 times in the past 10 years shorting AMZN. Some people never learn.
Lesson: 1) Never listen to Cramer. Even doing the opposite is a fools errand.
2) The market can stay irrational longer than you can stay solvent.