Exceeds operating income estimate by 69 percent; hints at exactly how well Echo’s doing.
https://arstechnica.com/information-tec ... echo-line/
Feb 1st, 2018 8:33 pm
Mar 29th, 2018 2:13 pm
Mar 29th, 2018 2:16 pm
How much did you invest in Amazon?CollegeGraduate wrote: ↑Mar 29th, 2018 2:13 pmHey guys, let's discuss Amazon.
As some of you may know, I have 100% of my net worth invested in Amazon: Your text to link here....
I don't think the latest correction was due to Trump's tweet on war on Amazon. Since Trump have already stated that before and after he won the election.
After he bashed Amazon back in 2016 (after he won), I bought in at $700+/share.
The price dropped to that low in 2016 because Trump bashed it after he won the election.
The claims made by Trump regarding Amazon recently are without merit (I don't know why I take him seriously, but he is the president after all):
1) "Amazon doesn't pay taxes" it did pay a lot of state taxes, but no Federal taxes. The US tax code is a little different than Canadian. We calculate both State and Federal taxes and we deduct what we paid in State tax against the Federal tax.
2) "Amazon is taking advantage of the USPS" USPS added Sunday delivery due to Amazon's massive business. Why would USPS conduct business with Amazon if it's losing money on every shipment? Amazon gets a better rate with USPS just like every other companies do. USPS is making money with Amazon.
3) "Amazon doesn't collect taxes for local and state governments". I wish they don't lol.
I think the recent correction is due to the valuation on Amazon which everyone agrees, it's too high.
If I look at Amazon at its current state, the valuation is too high. However, I don't see Amazon at its current state. I see it 10 years down the road. Amazon will become a bigger and meaner company 10 years down the road. Jeff Bezos is only 54 years old, and I think he still got 10+ years ahead of him in running Amazon, unless he got into some unfortunate problems like the one Steve Jobs had. I hope not.
I discovered Amazon when it was selling at $250+. And I didn't buy into it until $700+. It was expensive then, and it's expensive now.
Mar 29th, 2018 2:17 pm
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Mar 29th, 2018 3:17 pm
Does this apply to WholeFoods in Canada?Jeenyus1 wrote: ↑Mar 29th, 2018 3:03 pmNo margin, no problem (at least for Amazon)-
Whole Foods just hinted at giving Prime members a 10% discount
https://www.cnbc.com/2018/03/29/whole-f ... mbers.html
Mar 29th, 2018 3:17 pm
How do I convince you to drop at least 10% into Amazon?ValueInvestor wrote: ↑Mar 29th, 2018 3:10 pmI admire CollegeGraduate for having the guts to go all in on a single stock.
Though, I still think the valuation is rich. But then again, if Amazon can grow at its current rate by improving their current businesses and fend off competition (legally), it should do fine over time.
And Amazon having the habit of getting into new businesses and do well there with some exceptions like their Fire phone and something I am not aware of.
This company is a beast and doesn't take "no" for an answer. I am long Amazon, but not with 100% of my money, maybe 5%-7%.
Mar 29th, 2018 3:30 pm
No clue, I'd imagine if the test-phase rolled out in US is a success, it would eventually. The goal is to wrap almost every single person in North America into the Amazon ecosystem until even eventually even manufacturing is outsourced to Amazon robotic facilities on the moon... I'm serious.
Mar 29th, 2018 3:41 pm
Yup, that is Amazon's strategy. Although I wouldn't have imaged the moon getting involved.Jeenyus1 wrote: ↑Mar 29th, 2018 3:30 pmNo clue, I'd imagine if the test-phase rolled out in US is a success, it would eventually. The goal is to wrap almost every single person in North America into the Amazon ecosystem until even eventually even manufacturing is outsourced to Amazon robotic facilities on the moon... I'm serious.
Apr 5th, 2018 2:23 pm
Apr 5th, 2018 2:59 pm
Amazon already have their own in house carrier for small items.bsobaid wrote: ↑Apr 5th, 2018 2:23 pmTrump's tweets definitely having an impact on Amazon.
If Trump slaps taxes or re-negotiate US post shipping deals with Amazon, its going to impact Amazon, unless Amazon says F U and starts its own non-drone more-realistic delivery by buying whole fleets of trucks. If amazon does go this route, then I Will be thinking which auto-manufacturer selling trucks to amazon.
Apr 5th, 2018 3:09 pm