Nov. 09, 2013 UPDATE: Since I wrote this post, Amazon is up 40%.
I wrote this opinion over on my Motley Fool CAPS profile, and feel strongly enough about it to share here.
Today, Amazon’s share price is about $258. It has a price-to-earnings (P/E) ratio of 316, which is enough to at least cause a second glace.
But there’s more to investing than a single metric, and I happen to believe AMZN has a long way to go before it hits its ceiling.
Long term, they just have too much going on. Ignoring their hugely popular, widely successful cloud commuting enterprise, let’s consider online commerce alone.
US eComm sales totaled $194.3 billion in 2011. It’s expected to grow another 12-15% in 2012.
Guess who’s at the top of the heap (U.S.)? AMZN did $28.7B in online sales in 2011 – a 56% leap from year prior. Think they’ll do even better in 2012? You bet.
Online merchants are CONSTANTLY battling against Continue reading