You can synthesize the bull case as this. Amazon is effectively engaged in predatory pricing which, at this juncture, DOJ isn't doing anything about (and shareholders are content to allow since they are actually making their money on trading/float jam manipulation by scalping options and churning shorts and put buyers). It will knock out all of its competitors and then raise prices to increase the earnings and bring the valuation down to stratospheric from parallel universe levels...
The funny this is that IF Amazon succeeds, it will face anti-trust scrutiny all over the place -- way more than Google or Microsoft did (as it will have created a much larger population of enemies, from Main Street retail to tech titans that will fund Main Street retail as the face of the complaint).
The more likely case is that Amazon will no longer be able to hide the true cost and profit drivers and longs will bail en masse, no longer allowing it to knock competitors out of business by selling products (at least some of them) below fully loaded cost.
"You really want to trust these folks with your money?"
"These folks" are Jeff Bezos. JB didn't find venture capitalists to fund Amazon, he borrowed his parents life savings. They trusted him, so why shouldn't I? You say "zero focus". If you don't know what Amazon is focused on, I suggest you read JB's letters to the stockholders, starting with 1997. It's all there in their investor relations page. In the meantime, I'll just keep making money with AMZN.
mentioned this last week, only way their strategy which is the growth story being touted by CNBC and analysts - is to corner the market - including cloud services which they are undercutting - in every market they are involved in. Long term it is the stupidest thing I have ever heard - and yes it will eventually invite the scrutiny of the DOJ and they will fail to monetize or turn a profit later from this strategy. Agree.