Stocks

* Amazon.com, Inc.

Posted on October 24th, 2013 · Stocks

* Amazon.com, Inc.

Jeff Eats loves to “shop” at Amazon.com…For you guys who don’t know what Amazon.com is, take a look at its corporate profile ala Yahoo! Finance:

“Amazon.com, Inc. operates as an online retailer in North America and internationally. The company operates in two segments, North America and International. It operates retail Websites, such as amazon.com and amazon.ca, which include merchandise and content purchased for resale from vendors and those offered by third-party sellers. The company serves consumers through its retail Websites and focuses on selection, price, and convenience. It also offers programs that enable sellers to sell their products on company¬ís Websites, and their own branded Websites. In addition, the company serves developers and enterprises through Amazon Web Services, which provides access to technology infrastructure that enables virtually various businesses. Further, it offers Kindle Direct Publishing, an online platform that lets independent authors and publishers to make their books available in the Kindle Store; and programs that allow authors, musicians, filmmakers, app developers, and others to publish and sell content. Additionally, the company manufactures and sells the Kindle e-reader devices. It also provides co-branded credit card agreements, and fulfillment and advertising services. Amazon.com, Inc. was founded in 1994 and is headquartered in Seattle, Washington.”

Now…if I have read Amazon.com’s financials correctly, this company which does billions of dollars in yearly sales has never-ever reported a profitable quarter. In a nutshell, it grosses tons of money and loses a fortune, yet as I type—its stock is trading at $360 a share which capitalizes the company at something close to $160,000,000,000.

WTF…

Any all explanations will be appreciated.

6 Comments to “* Amazon.com, Inc.”

  1. ThePostmanRang says...

    This stock has never ever made sense.
    It must have the cure for cancer in the wings because its retail business isn’t worth anything. All this thing does is lose money.

  2. RAREBOY says...

    Absolutely impossible to figure out.

  3. JayG says...

    Right now premarket AMZN is $362 a share. This company consistently loses money. It makes absolutely no sense whatsoever to have a company that only loses money to have a stock price in the stratospshere. Sometimes you find this in biotech firms because they are trying to develop a new drug or product but in Amazon’s case it is really just a retailer.
    Costco, Walmart etc all have to compete with a company that sells product super cheap. It’s a bicth of a problem because Costco etc want to make a profit while Amazon is content to lose money.
    I don’t know when as it hasn’t happened yet, but this stock is going to crash like you can’t believe. Common sense is that one day people will just get wise about this company.

  4. Blue and White says...

    Simple; equities go up when more people buy than sell. A company could discover the cure for the common cold or cancer and if more people sold their stock on that day it would go down…. We live in a supply and demand world my friend. Many want Amazon stock because it has up side momentum and is the best retailer in the world. They anticipate that Amazon will eventually make profits out of their billions in revenues once they stop spending on their infrastructure ….

  5. Jon G says...

    The stock market was created so the big boys could gamble without there wives bothering them. They called it a job and the misses went along with it. It’s gambling plain and simple. It has nothing to do with the financial welfare of the company. Just a way for some to win and some to lose!

  6. Lo Lo says...

    Stock is now over $900.

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