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Comment by esrauch

The thing about that kind of thinking is that if you think it, then it is almost certainly true that institutional investors think it too, and then the stock price is already appropriately high.

Amazons PE ratio is something like 100 which is extremely high, Google and Apple are both in the ~15 range. People are already valuing Amazon much much higher compared to it's earnings than other major tech stocks.

parent esrauch 15 years ago

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