What's the latest on Amazon?

[barnyard]

When the bubble bursts Amazon stock will have a hard landing.

As will all the retirement funds that are invested in it.

 

[Coldworld]

Just read they are the most expensive stock there is. Trading at over 900X earnings.

Wall Street loves these tech companies....über has only been around for a couple of years and look at how much they are worth... And it's not like they do anything special they just have a platform for drivers to use... It's ridiculous!

 

[Brownslave688]

Wall Street loves these tech companies....über has only been around for a couple of years and look at how much they are worth... And it's not like they do anything special they just have a platform for drivers to use... It's ridiculous!

But that's the funny part. Amazon isn't a tech company. They wish they were. They are a retailer with massive over head. Even if Amazon is around in 30-40 years the price that it sells for now will likely just then make sense.

 

[Orion inc.]

But that's the funny part. Amazon isn't a tech company. They wish they were. They are a retailer with massive over head. Even if Amazon is around in 30-40 years the price that it sells for now will likely just then make sense.

Actually they consider themselves more a tech company now that they have entered the cloud storage business. They've said themselves that they don't think the retail segment of their business will be around in the future.

 

[Orion inc.]

Wall Street loves these tech companies....über has only been around for a couple of years and look at how much they are worth... And it's not like they do anything special they just have a platform for drivers to use... It's ridiculous!

With the exception of Apple, a majority of tech companies are way overvalued. Facebook would be a prime example.

 

[Orion inc.]

Just read they are the most expensive stock there is. Trading at over 900X earnings.

Even beating Apple?

 

[Brownslave688]

Even beating Apple?

Apple is cheaper than ups as far as P/E ratios go.

 

[Brownslave688]

Actually they consider themselves more a tech company now that they have entered the cloud storage business. They've said themselves that they don't think the retail segment of their business will be around in the future.

Well they have to try and become a tech company. Otherwise there's no possible way they will ever make the money needed to justify their stock price. The problem though is what happens to the retail side? Do they sell it? That overhead is what kills them.

 

[scratch]

http://recode.net/2015/12/04/amazon...-trucks-as-its-transportation-ambitions-grow/

They are buying trailers now, maybe tractors later.

 

[GillEagan]

Wait!!

I can order my steel beams from Amazon now? And get free shipping?


Awesome!!

You do know that you are not really getting free shipping, right? It's just been hidden in the purchase price of the item.

 

[Scuba Steve]

Unless Amazon bought an airline network and has an extensive feeder network in place along with making healthy profits (which they aren't) they aren't going anywhere.

They are developing a feeder network. Have seen some trailers already.. http://recode.net/2015/12/04/amazon...-trucks-as-its-transportation-ambitions-grow/

Amazon is developing an air network. http://aircargoworld.com/which-company-is-behind-atsgs-project-aerosmith/

 

[Lead Belly]

We are flanked by two Amazon distribution centers to the west and the northeast. Our Amazon prime runes out in a couple days and I forbid my wife from renewing the membership. friend-** them. They want to deliver their own stuff they can do with out my business. More union members and our families should do this. This man bensos want to rule the world. People should be worried about his motives.

 

[oldngray]

Amazon is building a big distribution center near here. They are working hard to build up their infrastructure.

 

[UpstateNYUPSer(Ret)]

You do know that you are not really getting free shipping, right? It's just been hidden in the purchase price of the item.

I bought my son a 6' HDMI for $2.18 with free shipping. Please tell me where in the $2.18 they were able to hide the shipping costs.

 

[UpstateNYUPSer(Ret)]

Amazon is building a big distribution center near here. They are working hard to build up their infrastructure.

Perhaps it is time for both UPS and FedEx to start playing hardball by eliminating their shipping discounts w/Amazon.

 

[AutoZone]

I bought my son a 6' HDMI for $2.18 with free shipping. Please tell me where in the $2.18 they were able to hide the shipping costs.

The cable more then likely costs $.20.. And the shipping discount was probably $.36.. So they made 600% profit more then likely..

 

[UpstateNYUPSer(Ret)]

The cable more then likely costs $.20.. And the shipping discount was probably $.36.. So they made 600% profit more then likely..

Do yourself (and us) a favor and go back to State Farm.

 

[oldngray]

A couple of weeks ago I ordered a little item from Amazon. With tax it was $2.15 with free shipping. Their actual cost for the item probably wasn't much more than a dollar but they still lost money overall on shipping.

Those little sales are pretty much loss leaders to keep you shopping at Amazon.

 

[AutoZone]

Do yourself (and us) a favor and go back to State Farm.

And you just keep supporting the company that's going to try and destroy yours! Good job buddy! :: thumbs up:: carry on..

 

[UpstateNYUPSer(Ret)]

And you just keep supporting the company that's going to try and destroy yours! Good job buddy! :: thumbs up:: carry on..

I very rarely shop online.

UPS is not going anywhere.

TTKU