I know I shouldn’t trade looking at PE, but I did buy an Amazon put, and after cashing it in I bought another out to January 90 strike.
How does Amazon have such a high PE when their growth does not look all that great?
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What does Penis Envy have to do with amazon?
new article just came up on my feed saying that “Amazon warns 0 profit for this holiday season”. I have no idea if this is true or not.. thing just popped up and I haven’t done any research to back it up.. just saying
Because it’s overbought and overhyped just like Tesla and Apple.
People buy companies they know without evaluating Financials.
See 2020/2021 for details.
Index funds. They ‘invest’ money based purely on market cap.
>It is true that Amazon’s growth has slowed in recent years, but the company continues to be highly profitable and generate a lot of cash flow. This high level of profitability and cash flow allows Amazon to maintain a high PE ratio.