Looking at the financials for the past few years, Amazon is paying down its LT debt. This somewhat decreases the validity of my middle point. Perhaps the PE is

Looking at the financials for the past few years, Amazon is paying down its LT debt. This somewhat decreases the validity of my middle point. Perhaps the PE is high because their profit margin is expected to increase above what is normally associated with retail operations (razor-thin). After all, Amazon is delving into more tech-centric lines of business. http://www.google.com/finance?q=NASDAQ:AMZN&fstype=ii http://www.google.com/finance?q=NASDAQ:AMZN&fstype=ii http://www.google.com/finance?q=NASDAQ:AAPL&fstype=ii http://www.google.com/finance?q=NASDAQ:AAPL&fstype=ii http://www.google.com/finance?q=NASDAQ:COST&fstype=ii http://www.google.com/finance?q=NASDAQ:COST&fstype=ii