where is queen?22 Aug 2017 15:00
you may not own shares just now but as one of the best customers, you are allowed.
with the recent sp performance, holders are bound to be nervous even if as in this case, the fundamentals look so good, remarkably good in fact.
The biggest cause of the recent hit here and others is of course Amazon (and its offer for Wholefoods ), which is portrayed by lazy journos as some kind of fire eating remorseless steamroller. However I read a proper analysis of its business, which was interesting and revealing.back in the 1990`s someone I liked nicknamed it the river of no returns and remarkably 20 years later it still cant turn a profit.! despite being super efficient at what it does.
wish I could reference the article but simply-
it doesnt actually have the huge footprint it is always said to have at all and its road for growth is running out..
IMO the reason Amazon has such stature is its market value, which has grown astonishingly, but this is entirely due to a PE of 190 or so. A few of these big techs have pe nearly as much but surely AMZ with its lack of profit should be treated more like Apple.Not looked recently but its PE was a quite low 10. On this basis Amazon is at least 10 probably 20 times overvalued, some kind of gruffalo or other invented stuff.Funny old world when the swiss central bank bought swathes of these 5 or 6 techs, just cos they were big, omg to keep the swiss franc down.
I guess Mike`s machinations dont have the effect we would like because Mike being Mike, they are not straight forward share buys.But the ace gambler is fast boxing himself so much, the best option might be to just buy the thing ?
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