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Which Credit Card Rewards Does the IRS Care About?Amazon is following a questionable path with CEO Jeff Bezos playing the Piper and investors heading toward the cliff.
For years I have been down on Amazon.com, Inc. (NASDAQ: AMZN) the stock, even though I buy things on the site perhaps once a month -- 80 percent of it books. I have never been able to accept its valuation. I like the service but can't rationalize the stock price.
It currently has a TTM (trailing twelve month) P/E (price to earnings) of 55.82, based on yesterday's close of $38.15 . Perhaps it should change its name to "Amazing.com" (which actually exists) based on its ability to convince investors that the stock is worth anything near this price.
For comparison, the P/E of Google, Inc. (NASDAQ: GOOG) is 60.55, eBay Inc. (NASDAQ:EBAY) is 43.09, Yahoo! Inc. (NASDAQ:YHOO)
is 33.29, Apple Computer, Inc. (NASDAQ:AAPL)is 35.75, Hansen Natural Corp. (NASDAQ: HANS) is 35.82 and Wal-Mart Stores, Inc. (NYSE:WMT) is 19.21.
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