Is Jeff Bezos the world's most successful con artist?

A

Ash1972

Jeff Gundlach sums it up perfectly:

"The thing that I am most fascinated with – and I have done nothing with it – is Amazon. I just can’t get over how little money they make and yet how valuable the company is. The stock price never goes down. It just goes up and up and up and they never make any money. Investors are so patient with Amazon because they think it’s all going to happen. They’re constantly investing in a company that makes no money and hope that one day it will pay off. That’s their bet. I’m surprised that is has been sixteen plus years and they’re still willing to wait. As long as Amazon keeps going up, market confidence and belief in the future is in high season. If it starts going down, it means the patience has run out. And that probably means the patience has run out for the market in general."

It's the ultimate bubble stock. For SIXTEEN YEARS Bezos has claimed he is only interested in market share and can easily become profitable "anytime he wants to". He's forgetting (or hoping you'll forget) that all he is doing is paying for market share in a pure commodity business.

How has everyone let him get away with this for so long?
 
Quote from FXforex:

If WMT is worth $245 Billion then surely AMZN must be worth $180 Billion or more.
More...

Save for the fact that WMT earns $17B a year. You tool.
 
Quote from Ash1972:

Jeff Gundlach sums it up perfectly:

"The thing that I am most fascinated with – and I have done nothing with it – is Amazon. I just can’t get over how little money they make and yet how valuable the company is. The stock price never goes down. It just goes up and up and up and they never make any money. Investors are so patient with Amazon because they think it’s all going to happen. They’re constantly investing in a company that makes no money and hope that one day it will pay off. That’s their bet. I’m surprised that is has been sixteen plus years and they’re still willing to wait. As long as Amazon keeps going up, market confidence and belief in the future is in high season. If it starts going down, it means the patience has run out. And that probably means the patience has run out for the market in general."

It's the ultimate bubble stock. For SIXTEEN YEARS Bezos has claimed he is only interested in market share and can easily become profitable "anytime he wants to". He's forgetting (or hoping you'll forget) that all he is doing is paying for market share in a pure commodity business.

How has everyone let him get away with this for so long?
More...
Traffic is the name of the game in an internet company.
 
No, to answer the title question.

When you pay a con artist, you get nothing for your money.

When you pay Amazon, you get something for your money.

This is a silly thread. If you feel Amazon stock is overvalued, then ignore it or short it.
 
Quote from kut2k2:

No, to answer the title question.

When you pay a con artist, you get nothing for your money.

When you pay Amazon, you get something for your money.

This is a silly thread. If you feel Amazon stock is overvalued, then ignore it or short it.
More...

+1
 
Quote from R. Raskolnikov:

I love Amazon, I buy a lot of shit from them. Amazon Prime is key.
More...

The key to what? I have two Prime accounts and the streaming is shit. Anything good is 1.99 and I can download the material on usenet. The only value for me in the $4 overnight shipping, but now they're charging sales tax in 11 states (mine included). The multiple (if the had one) must contract, drastically.
 
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