Originally Posted by
J Dawg
Denial isn't a River. But the Amazon is and its machine keeps flowing and growing, despite the Bezos jokes from those that don't grasp the big picture.
On a strictly retailer v. retailer basis, AMZN's income margins are roughly Costco & Walmart equivalent. 700m on sales of 35b for AMZN and 3b on sales of 115b for WMT last qtr. If I understand the reporting correctly, AWS (cloud & hosting business) brought most of the luster to their net with nearly 900m over the same period. I agree, Denial is not a river. It's a form of blindness. Like most of my neighbors, I shop Amazon occasionally. My daughter seems to order things daily. So a great service, all-round. What's not to like? Three things honestly: 1. Everyone's already in. 2. Can't miss, no ceiling market sentiment. 3. From 99'-09' you were underwater on AMZN after its 1st bubble burped. Any surprise if it moves yet higher? No. Probably why I shop at ALDI instead of Whole Paycheck.