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The author of this 2017 article is probably shocked that Amazon's PE ratio has since gone from 184 to 70, while the stock price went from about 1000 to 3700. Th
by ytNumbers 5y ago
The author of this 2017 article is probably shocked that Amazon's PE ratio has since gone from 184 to 70, while the stock price went from about 1000 to 3700. The author should have realized that there was still a huge untapped market for cloud services in 2017. It would have been foolish to short the stock four years ago, but, with the departure of Bezos, one has to wonder how much longer AWS can continue to keep the big profits flowing for the company. Rather than focusing on PE, the author should have focused on whether or not there is still a huge untapped market for cloud services. I'd focus on that metric before deciding to short AMZN.