I meant in more general terms for Amazon. Their margins are incredibly low, their P/E ratio is way out of whack, and they seem to epitomize the old "we'll make

I meant in more general terms for Amazon. Their margins are incredibly low, their P/E ratio is way out of whack, and they seem to epitomize the old "we'll make it up on volume" angle that proved so helpful in 2000. Maybe they just want to be like a grocery chain that ekes out a 1-3% margin. But if that's the case, Wall St. won't be happy. Wall St. expects outsized profits based on their P/E ratio.