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  • absolootsea absolootsea Jan 7, 2013 6:49 PM Flag

    With a 3,150 P/E

    I live in the hood AMZN is building three new hi-rises. THey paid so much for the raw land, the family that owned it for decades took the money and ran. Now they're going to pay the city's most expensive architect and builder to throw up huge towers that will cause massive traffic jams in every direction, when they're already renting in a brand-new campus blocks away. I guess the idea is they will own their offices, and no longer rent as much, or who knows? All I can tell is they spend money like maniacs, and fine, they are a mega-online retailer and online bandwidth provider, but, so what? I can go to plenty of other places to buy stuff online. Maybe everyon'es thinking about the prospective advertising. I wish someone would explain how this company is going to make so much money. It's valuation is half of Apple's at this point. Good luck.

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