$Amazon.com(AMZN)$ To the plon

2023-11-14

$Amazon.com(AMZN)$ To the plonkers who look at the P/E ratio of Amazon and bitterly complain about it.

It's 75 right now with the stock at $143. It was 99 with the stock at $100 not so long ago.

So there you go, it went down even though the stock went up $40 bucks. Just another reminder it's NOT an accurate valuation guide on a company growing and expanding as rapidly as Amazon is and has been it's whole life.

It won't always be like this but until the rapid massive business growth period ends of Amazon down the road someday then it takes a back seat as a valuation tool.

The Market expects AMZN to go down

Smarten up, thanks.

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