JOET - Amazon Stock Cheapest It's Been In Years? Why This Investor Keeps Buying Up Shares | Benzinga
Hightower Advisors’ Stephanie Link can’t stop buying Amazon.com Inc (NASDAQ:AMZN) with the stock trading at its most attractive valuation in years.
What Happened: “I like it a lot,” Link said Wednesday on CNBC’s “Fast Money Halftime Report.” “It’s trading at 13 times EBITDA and historically it’s traded at over 20 times EBITDA.”
The investment strategist, who said she bought Amazon shares for the second time in a week, noted that the Seattle-based firm has a lot of ways to win. Amazon Web Services (AWS) should see an acceleration from the 12% growth the company reported last quarter, Link said. She told CNBC that she anticipates 15% to 16% growth when Amazon reports fourth-quarter results and that number could ...