|Over 5 years AMZN's price appreciation is more than 3X any of the indices.|
Even an august financial publication like Barron's, which balked at recommending the stock at $319 in 2013, now refuses to make a call in either direction:
don’t expect us to double down on the skeptical view on Amazon.com we took a little over two years ago (“Amazon.com: Dangerous for Competitors—and for Shareholders,” Oct. 5, 2013). Shares, then $319, have made a punishing climb to a recent $502, and we’re trying to think of our safety word. Oh, right: valuation!
|The Shepard Booster has flown and landed safely (Blue Origin photo)|
One final word of advice to the Barron's writer, however. Don't use sarcasm unless 100% of your readership will get it---don't let your last sentence be
We predict Amazon stock will triple by Wednesday and double again on Thursday, on news that all those new stores will sell organic burritos, too.