This stock has been going in the wrong direction for a long time. When it hit 200, people should have considered what they were paying for.
Amazon is just a bit different than the online version of Walmart. In that case it will take 5 years of perfection just to equal Walmart. Suggests to me that maybe the stock should be around 100.
Sure they are growing, but they also have competition. Just like Walmart. I know people that prefer other online outlets over amazon. Overstock or Macy's.
And their tablets are making only a little bit of money.
So all profits come from cloud. And there is a huge amount of competition in that business. Microsoft , Google, and then dedicated providers.