06-21-2016, 03:15 PM
I've been a dyed in the wool dividend growth investor for 6 years.
I've always scoffed at AMZN, they don't make money, their margins are razor thin, they lose a lot of money...In fact that argument still stands. They barely make money, for example I'm way happier to invest in IBM where they have added value bells and whistles in their cloud offerings versus AMZN's which is basically a commodity.
I'm also a happy WMT long by the way, been for years. WMT does 4X the revenues that AMZN does.
Anyway, I own a crappy MetroPCS samsung phone, and I am an Amazon Prime customer.
They finally cracked the music code for me, I used to use a flash drive MP3 player in my car for cheap music.
Now, I just have an app on my cheap Samsung, and it works. It works quite well.
Now I don't need to have any other sources of music, I just have this cheap app.
The execution is pretty good.
I'm finally softening up. Is there a possibility this turns into a good dividend growth investing play? Or will the company just crash when the ponzi scheme runs out, with other businesses doing what it does, better. Maybe it will be a poor man's Apple or something like that?
What do you guys think.
I'm skeptical because there is no focus in this company, rockets, movies, tv shows, cloud, transport...
Thoughts, opinions, death threats?
I've always scoffed at AMZN, they don't make money, their margins are razor thin, they lose a lot of money...In fact that argument still stands. They barely make money, for example I'm way happier to invest in IBM where they have added value bells and whistles in their cloud offerings versus AMZN's which is basically a commodity.
I'm also a happy WMT long by the way, been for years. WMT does 4X the revenues that AMZN does.
Anyway, I own a crappy MetroPCS samsung phone, and I am an Amazon Prime customer.
They finally cracked the music code for me, I used to use a flash drive MP3 player in my car for cheap music.
Now, I just have an app on my cheap Samsung, and it works. It works quite well.
Now I don't need to have any other sources of music, I just have this cheap app.
The execution is pretty good.
I'm finally softening up. Is there a possibility this turns into a good dividend growth investing play? Or will the company just crash when the ponzi scheme runs out, with other businesses doing what it does, better. Maybe it will be a poor man's Apple or something like that?
What do you guys think.
I'm skeptical because there is no focus in this company, rockets, movies, tv shows, cloud, transport...
Thoughts, opinions, death threats?