- Amazon has leveraged its data expertise and internet growth to build a global leader in the cloud and retail businesses.
- Less appreciated is Amazon's leading logistics system with next day delivery capabilities, which expands its retail total addressable market and creates a huge moat.
- Amazon’s international retail operating income appears to have reached a point of inflection and is poised for growth.
- The company’s massive spending on R&D ($40 billion in 2020) should result in long term cash flow for investors.
- Short term neutral due to the high valuation, but long term bullish for patient investors.
For further details see:
Amazon: A Behemoth With Significant Long-Term Growth Drivers