Shareholders of Amazon ( NASDAQ:AMZN ) have lost a lot over the past year, as the stock price has dropped to almost half of its 52-week high of $180. But now is the time to focus on good companies like this one that you can get for cheap.
I’ve held stocks through two recessions, so I know how important it is to invest in promising companies when things look bad. This was the case with REITs like Kimco Realty ( NYSE:KIM ) and Simon Property Group ( NYSE:SPG ), which have more than tripled and doubled since their pandemic lows.
I see parallels in badly hit tech stocks like Amazon right now. In this article, I’ll explain why Amazon could be a tremendous long-term value buy at its current price.
A Leader in Technology With a Strong Bank Account
Amazon is the best place for consumers, businesses, and retailers. It is one of the few companies that has stayed at the top of its market for years and keeps growing its market share by using technology, data, and good customer service.
Amazon also has a lot of cash and is expected to make a lot of money without spending it over the next few years. With such a significant war chest, it can easily put money into new projects or buy companies that will help it get a bigger market share and make more money. This includes $58.7 billion in cash on hand and $65.6 billion in long-term debt, which helped it get an AA credit rating from S&P, just one step below the US Government.
Business Fundamentals
Amazon is doing well in the current economy, with sales up 15% year over year (19% in constant currency) to $127 billion, which is more than the market capitalization of ...
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