Amazon has a P/E ratio of 94 right now. Tesla has a P/E ratio of: 1,326.
But, hey... at least it's profitable. It could be worse, some of the stocks that are running up fast like Snowflake aren't even profitable yet.
What do you think of Amazon and their P/E?
Is this how you invest? You look at P/E and buy stocks based on that? Where are we? In kindergarten?Amazon has a P/E ratio of 94 right now. Tesla has a P/E ratio of: 1,326.
But, hey... at least it's profitable. It could be worse, some of the stocks that are running up fast like Snowflake aren't even profitable yet.
Still higher than 5 days ago. My cost basis for Lemonade is under $50.Lemonade getting smashed..hard.
Is this how you invest? You look at P/E and buy stocks based on that? Where are we? In kindergarten?
Skate to where the puck is going. Not where it has been. TSLA has far more reasonable P/E than Amazon.
The reason I bring up Amazon is because I listened to all the naysayers who said Amazon would always lose money. The more Amazon sells, the more money Amazon will lose. People used to say that all the time about Amazon. I knew Amazon was kicking butt and would take over internet retail. But instead of doing my own homework and research when Bezos was plowing all the cashflow money back into the business to grow the warehouse and logistics, I took the lazy route like you and just read the mainstream media FUD stories about how Amazon wasn't really making any meaningful money and how the more Amazon sells, the more money they would lose. I let all the retarded Amazon bears do my thinking for me by reading all the biased and wrong analysis of Amazon. So I missed one of the greatest internet/retail stock stories of our generation. This is why I did my homework on Tesla. I wasn't and didn't want to make the same mistake with Tesla. And when I researched Tesla, I realized people were making the same dumb mistake with Tesla as they did with Amazon. It was unreal.Don't underestimate the mighty Zon. It still has a bunch of growth potential with AWS, and with nationwide/worldwide online grocery delivery. They didn't buy Whole Foods just because Jeff Bezos is a fan of their organic chicken.
The reason I bring up Amazon is because I listened to all the naysayers who said Amazon would always lose money. The more Amazon sells, the more money Amazon will lose. People used to say that all the time about Amazon. I knew Amazon was kicking butt and would take over internet retail. But instead of doing my own homework and research when Bezos was plowing all the cashflow money back into the business to grow the warehouse and logistics, I took the lazy route like you and just read the mainstream media FUD stories about how Amazon wasn't really making any meaningful money and how the more Amazon sells, the more money they would lose. I let all the retarded Amazon bears do my thinking for me by reading all the biased and wrong analysis of Amazon. So I missed one of the greatest internet/retail stock stories of our generation. This is why I did my homework on Tesla. I wasn't and didn't want to make the same mistake with Tesla. And when I researched Tesla, I realized people were making the same dumb mistake with Tesla as they did with Amazon. It was unreal.
Since you're such a fan of P/E and use that solely to determine if to buy the stock, let me share with you what Amazon P/E was once. Did you know back in 3rd quarter of 2012, Amazon had P/E of 3,633? This was when Amazon stock price was $254. Now imagine @ultimatebob saw AMZN with 3,633 P/E and said to himself, Amazon is so overvalued and the bubble will burst! I know because I'm so smart and only look at P/E because that tells me everything about the stock and if it's overvalued or not. Imagine ultimatebob's complete shock when Amazon goes on one of the greatest run in the next 8 years and now is trading at $3,300. But now Amazon only has P/E of 96 so ultimatebob thinks Amazon is such a bargain because P/E is so low now. The only thing is he missed out on massive $3,050 a share move up on Amazon because he couldn't wrap his head around 3,633 P/E Amazon had in 2012.
The ironic thing is I avoid Amazon like the plague and would never buy an EV if given the choice.
Amazon is overpriced compared to Ebay (where I have shopped since 2000), and I don't want to hassle with charging a car or worry about a dead batt when I can just go to the gas station and be good for almost 2 weeks.
Anyway I think Netflix has been the single greatest investment in American history...which I did not invest in, just traded.
From what I read, Amazon makes a lot and I mean a lot of money from the cloud/AWS and other services than selling stuffs but you can't argue its stock is going up and up and Bezos is one stinking rich dude.
I will wait a few more years for EV to mature more.
You can lead a horse to water, but you can't make him drink.
Good luck everyone in 2021. I will check in occasionally but it's time I retire.
From what I read, Amazon makes a lot and I mean a lot of money from the cloud/AWS and other services than selling stuffs but you can't argue its stock is going up and up and Bezos is one stinking rich dude.
I will wait a few more years for EV to mature more.
Bitch, you owe us those Tesla booty shorts pic. You can't leave until you post those
Don't underestimate the mighty Zon. It still has a bunch of growth potential with AWS, and with nationwide/worldwide online grocery delivery. They didn't buy Whole Foods just because Jeff Bezos is a fan of their organic chicken.
Of course this is completely anecdotal but I stopped shopping at whole foods shortly after the Amazon acquisition because the quality went down. Specifically the produce and other non-packaged goods.Speaking of Whole Check..oooppp..Whole Foods, I was there recently the first time to check it out and I was not impressed. The prices were high of course but the quality of the goods were not worth for the prices that they charge imo. They even sold spices that were made in commie china. Come on now.
I haven't back since. Can any of the WF fans tell me what to buy or why you like WF?
Agreed. After Amazon purchased it they tore the guts out of the meat department and essentially removed any prime meat offerings. Produce has also taken a tumble. Those were the two main things to get there, but now I don't even bother going unless I get a GC.Of course this is completely anecdotal but I stopped shopping at whole foods shortly after the Amazon acquisition because the quality went down. Specifically the produce and other non-packaged goods.
My company sells complex SaaS solutions for clients - in the past year we scrapped our in-house cloud and migrated to AWS.
So yeah, AWS is a big deal.
What did you do exactly? Did you sell calls on your existing TEVA holdings?
There seems to be a resolution in sight for BABA. I'm glad because I got a little frisky with the puts I sold.
Chase sent me a letter recently saying I need to start having $150K in my checking account (private client) else I'm going to be charged a $35 fee. There's no way I'm going to have $150K cash just sitting there doing nothing so they can earn interest off it while I miss out on gains elsewhere. I guess I'll downgrade back to standard checking.
I wonder if this could be a sign that banks are starting to have difficulty with the low lending rates and or liquidity?