It's been one heck of a run for Amazon.com's stock. Over the past year it's up more than 80%, and since it bottomed out after the dot-com crash…well, let's just say that the investors that believed in the stock then are doing pretty well.
Browsing the portfolio of CAPS' current top player, SpecBear, I noticed that his most recent pick was an underperform call on Amazon -- suggesting that the stock will underperform the market over the next five years. The rest of the CAPS community hasn't had a much brighter view of the stock's future. The stock has a rating of just two stars out of a possible five.
CAPS All-Star WillSurfForFood noted "The US economy is slowing. Retail companies are going to suffer and at some point a P/E does matter." Fellow CAPS player Aleksandert added, "Sure the company is great, but at such a high P/E ratio, it's bound to go through a correction sometime in the near future."
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