Furthermore, the point of a company is to make profits. I see piddly profits.
Basically Amazon is an online retailer plus a clous services company. Most retailers are valued at 10-20 times earnings. Cloud services , in the opinion of some, is becoming a commodity, and no way a commodity should have a 1000 PE. I just don't see it. Convince me.
Teamsters seem to be behind it, claim FedEx has opposed unionization efforts. Article in paper said about 80 drivers struck Monday. Not sure if it is continuing. Article said strike effort will expand.
Simply amazing. This is what happens when money is free. But money won't be free for much longer.
Cramer was very downbeat on Squawk Box. He basically said the banks were the only buys. Iview it as wise by hime to say take some profits. Maybe don't sell all the "FANGS", but at least some. Amazon (the "A" in FANG) has more than doubled, and sports a 900+ PE ratio.
To quore Mr. Cramer: "bulls make money and bears make money but PIGS get slaughtered!"
Kids wailing on Dec. 26---"WHERE ARE MY GIFTS???"
Well, this is an even better buy point. 50% off sale & the evil hackers are still out there. This is really a defense stock, a cyber defense stock.
FEYE protects us from the cyber evil out there, and there is a lot.
46 max pain.
And the biggest concerns imho are rising wages, rising food prices and a slower economy, not the latest thing in Oregon & Wash.
Can the market look past that? Maybe, maybe not.
Dude especially likes CBS.