$Amazon.com(AMZN)$
They have such high depreciation from their investments (and pretty substantial stock based comp) that it makes more sense to look at it from a cash flow perspective which smooths those numbers out.
They are trading at around 16-17x operating cash flow now - which is about the cheapest it has ever been - and while valuations should condense as the company grows in size - their operating leverage should continue to increase.
Keep in mind that Amazon growing revenue at 11-12% is somewhat misleading in terms of profitability affects. AWS and Advertising account for so much of the company's profitability and they are growing much faster than 11-12%. I think it has a good chance to go substantially higher from here.
I am buying every share I can get my hands on.
Cheers.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.