Amazon lost $7 million in this quarter last year. Their master plan resulted in a loss of $126 million this year. Do you notice how hard it is to make money when your business model is dependent upon selling products at a loss? Maybe their drone delivery service will turn the tide. Oh yeah. That 60 Minutes puff piece was nothing but bullshit. The FAA will never allow it. Their loss was only 80% higher than the Wall Street shysters anticipated. I’m sure they’ll make it up on volume.
The stock is down from its high of $400 earlier this year. Of course there is no Fed induced stock market bubble. Companies that lose money year after year after year certainly should be trading north of $300 per share based on a storyline. PE ratios and price to book values and free cash flow are for old fogies. This is the internet age when profits aren’t required. Take advantage of today’s 10% drop and buy Amazon on the cheap. It’s a can’t miss opportunity. Just ask Denninger.