Amazon.com Inc (AMZN)

[FrancisUnderwood]

Does anyone discuss the price to sales ratio? AMZN stands at 3, for a co that has a best of breed cloud biz with off to the moon growth, a generous annuity that is Prime, a world class streaming TV service, best of breed retail platform that virtually no one can touch, a 3rd party seller biz within the retail platform that is growing quickly with 90+% op margins and a default flawless search engine which bests GOOG for retail search of nearly anything makes this company one of the cheapest situations around. Yes they are profitable. When all the investment $$ fall to the bottom line which is happening sooner than anyone expected (hence the stock surge) the forward p/e that everyone is screaming about falls to 30 or 40 quickly and the stock is well over $1000. It'll gap up $100 on nearly every earnings release for the next several years. As a poor but relevant comparison, FB price to sales ratio is 19, (which is biotechland valuation) that's a market cap of 19 times the annual revs for the newbies, that IS insane and with suspect earnings as the skeleton in the closet.