One of a kind business model. Pricing the valuation out to 2035 with a reasonable forward p/e of 75 now - allows the really prudent investor to own a winner. If you don't get it I can only offer that you might need to do more research.
A play on worldwide deflationary pressures - whether selling books, or cloud services.... all focused on driving costs of goods and services lower - all while providing superior customer service. A market share gainer, in an overall growing Industry.... I am a LT holder of AMZN
i'll play along but no position. Investors strongly believe in Jeff Bezos, as opposed to, say, Tim Cook of apple. And Amazon is really a collection of a few big businesses under one roof and each business lines are leading segments in the industry they compete in. When you look at apple, it is just smart phones. When you look at Walmart, it is just distributor of goods. When you look at at say EQIX, a leading cloud storage computing company, and NFLX, a media content provider - Amazon is a collection of all these businesses under one umbrella, so investors believe Jeff Bezos will hit a few home runs in the long run. Crazy valuation, I agree and that is the only way I can see why people buy at 1000x PE.
I'll never understand why states let these internet companies get away with that for TWO DECADES. Don't the delivery trucks make use of the streets and pollute the air?
And meanwhile they lost billions in taxes, BILLIONS.
Americans must love giving the 1% free money everyday!