As the title asks. I have a sizable position in the company, but it is down 40%. It is the only individual stock I own. Most of my other investments are in SPY and QQQ, with a little in mid-cap and international index funds.
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Its P/E is very high, especially compared to Apple, Google, MS. Some say P/E is not the right measure to compare these companies, but I am not sure why not
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It is spending heavily on infrastructure (warehouses and cloud). Is this a continuous money sink that will always make profit margins low? Or will it at some point lead to large profits, since investments will reach a plateau?
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I like their diversification from retail, ads, logistics, cloud, alexa, video, kuiper, etc. However I am not clear how profitable some of these endeavors are, or if they will ever be. Is this an overhang for the company?
I guess my basic question is, should I sell my stock and add to my index funds?
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