Because AMZN is the only company in the world that invests in innovation, APPL , GOOG , WMT who have profits like crazy, do not invest in any kinds of innovation. This kind of thinking is BS.
The analysts have been wrong on those EPS numbers every single year for the last 5 years.
Shorts like me were right on earnings, it never has delivered. You are just lucky it is a messed up market.
Until they deliver the earnings, it is not the truth. Every company eventually needs to deliver earnings, every single company on earth. When AMZN has 16 billion in earnings in a year, you will be correct.
Also a lesson to you, a company is not a complicated thing, it is similar to a human being but on a much larger scale. You make a salary, you have bills, and whatever you save is your earnings.
Successful companies especially those with market cap over $250 billion have real earnings. Show me one single other company that has this big market cap and almost no earnings, there is none. This market's insanity has created this company, a market cap larger than Wallmart which has $16 billion in earnings.
It is going to end bad for a lot of longs here in AMZN, when a real market crash happens, and it will happen, you will see how important earnings are. Easily I can see this under $100 since it has no earnings to support it.
I and others have been saying that, but simply it just keeps going up, now 90 million equals 50 billion in market cap.
“I think it probably shows why at least I should keep my day job and not try to be a stock picker,” Hastings said on the company’s earnings call. “When the stock was half this price I described it as euphoric. So it’s a mystery to me. I think I’m out of the stock commentary business.”
Boogles my mind that CEO says he doesn't understand the stock price and people keep buying. So it hit $810 and almost at $50 Billion market cap now......
Market is saying it is worth it right now. Never thought I would see NFLX over $800 amazing to see to be honest.
Tech you believe this thing is at $800? Hope you are ok, I know you were shorting it, I got my hits here and there but not too bad.