Do you think Jim Edwards of Business Insider gets his argument right? In a recent article, Mr. Edwards talks about the earnings release that saw Amazon climb $42 per share yesterday to $354 per share, for a one-day gain of 13.7%. Amazon reported profits of $0.45 per share, and given that Amazon is split up into 463 million pieces, we are talking about $200 million in profit from a company that is currently valued at $163 billion.
Here is the most important quote from Edwards’ piece: “In fact, analysts have a long history of misunderstanding Amazon. For years, investors have complained that Amazon is chronically unprofitable. In the early years, after Amazon was … Read the rest of this article!