Amazon Stock (AMZN)
On October 17, 2022 I posted a video suggesting that: “Don’t Just Buy From Amazon – Buy Amazon.” At that time, Amazon stock (AMZN) was selling at approximately $107 a share, and based on consensus analyst estimates of operating cash flow, the stock appeared undervalued. However, estimates did deteriorate temporarily, and the stock now trades at approximately $99 a share. Investors are often so focused on price action that they often lose their presence of mind.
Consequently, I’ve been asked to provide an update on Amazon stock which I offer here. One of the most important points I want to make is that a temporary interruption in the great business is often more about opportunity than risk. Stated more directly, the temporary issues currently facing Amazon represent an even better opportunity than when I first published the video – here is the link.
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Disclosure: Long AMZN
Disclaimer: The opinions in this document are for informational and educational purposes only and should not be construed as a recommendation to buy or sell the stocks mentioned or to solicit transactions or clients. Past performance of the companies discussed may not continue and the companies may not achieve the earnings growth as predicted. The information in this document is believed to be accurate, but under no circumstances should a person act upon the information contained within. We do not recommend that anyone act upon any investment information without first consulting an investment advisor as to the suitability of such investments for his specific situation.