That is easy to write. The issue with Amazon is their CEO does not want to be profitable. He has stated so in the past. He just wants the world's biggest company. So is it worthwhile to invest in Amazon? Maybe....
At some point Jeff might step down and when that happens new management will finally stop spending money. And this PE of 3000 could easily drop to realistic numbers.
To value a 60 billion dollar company as though it is only a hundred million dollar company would be absurd. But maybe in the long term Amazon can prove it is worth 300/share.
In my opinion, NO. Then again I'm looking at 10 years from now. And I see it making $20 a share.
I think there is too much hype, and it will deflate. This is a stock at a price that is such a gamble that everything goes perfectly for a decade.
I could see betting on amazon if it was $150. And holding it for a long term. But this valuation in my opinion is based purely on hoping some bigger idiot will buy your position for more.
Good luck to all the idiots, and I hope there will be bigger idiots to make you rich.