Just wondering what the view is of people buying Amazon stock. I'm not saying they're wrong -- I'm no expert and haven't looked at the details of the company, and apparently real experts at Berkshire have been buying it. It seems everyone knows Amazon now and they're nearing saturation of their market for ordering retail products online. Analogously for their streaming services (so many competitors there too that could eat away at their share there). I will concede that the market for cloud computing services could seemingly grow a lot in the coming years, and that Amazon may be poised to get a large chunk of that. All together, I can fully see Amazon having a well above average P/E ratio, but nothing near 82. What am I missing?
Submitted July 21, 2019 at 10:32PM by mateoverano https://ift.tt/2O7eG2x
