It is impossible to argue against the success of Amazon.com Inc. (NASDAQ: AMZN) as a company, and it is also impossible to say that the stock is not on fire. After all, 52-week highs AND all-time highs are the greatest measurement a stock can get.
The problem herein is that this last run has so many investors excited that the metrics for valuing Amazon are starting to resemble the great tech bubble all over again, at least for a time of “the new normal.” And Wednesday night’s tout from Jim Cramer on CNBC’s “Mad Money” said Amazon has another 74 points of upside.
The problem is that if you take the math used to get there, consider where this stock has been, consider the outside forces, and add in just a few small risk factors, this figure gets more than difficult to justify in almost any scenario short...
The problem herein is that this last run has so many investors excited that the metrics for valuing Amazon are starting to resemble the great tech bubble all over again, at least for a time of “the new normal.” And Wednesday night’s tout from Jim Cramer on CNBC’s “Mad Money” said Amazon has another 74 points of upside.
The problem is that if you take the math used to get there, consider where this stock has been, consider the outside forces, and add in just a few small risk factors, this figure gets more than difficult to justify in almost any scenario short...
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