I don't know about that... back when the stock price was like $70 or $80 (2007 maybe?) I thought the same thing, P/E around 100, no way this book store can justify that. Pissed away my chance of early retirement right there.
Don't underestimate the cloud thing. They're already dominating it and there's still shitloads of legacy datacenters that will move to AWS when their hardware/software upgrade cycle comes due. Some of it might be hastened by the pandemic - old-school in-house setups often don't handle all those remote workers well.
I doubt there is any deep meaning in Amazon's lack of support for Bitcoin. They don't take any other payment options either (like PayPal), just their own payment processing. Probably not worth the hassle for the extra revenue it could bring, if any.
Topic: Amazon has a gap to fill with their pe ratio - page 2. (Read 533 times)
For me, generally, going off pe ratios a healthy number is 10-15 + net assets/share mktcp. I was looking at amazons stocks and their pe ratio is 115... I don't know how much of the market people think its going to dominate but they're already pretty huge sales wise (even though I think retail is mostly making a loss), with their data centres factored in, assuming they're not on lease, then this would probably generously put their pe ratio near Microsoft at 30...
Additional point: the huge growth could also be why amazon don't really mention bitcoin very much and don't honour it as a payment option because bezos knows they're quite oversold...
Additional point: the huge growth could also be why amazon don't really mention bitcoin very much and don't honour it as a payment option because bezos knows they're quite oversold...
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