Amazon.com, Inc.'s (NASDAQ:AMZN) earnings performance has not lived up to my hopes. Even so, I think the market is making a huge mistake by underestimating Amazon's potential for growth.
Yes, Amazon didn't make as much money as expected in the fourth quarter, but the company's predictions for the first quarter of 2019 aren't terrible, and neither is AWS's growth potential, even though growth slowed in the fourth quarter.
The valuation, which has caused a big drop in Amazon's sales multiple because investors don't like the stock, is what I like best about the company ...
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Amazon Stock: the Lower the Price, the More I Want to Buy