Risk-On Back On?, Buy or Bail, and Tech-Tonic Shifts 2/2/23
The Exchange
00:00
The Stock Is Up 7% Into the Report, Deirdre
Kimberly Drexler: Amazon stock is up 7% today. Trades at 88 times. Now that's a multiple when you're saying 88 times. Their AWS is the driver of profitability for the company. And everything else they did, including their core selling books to us, that's their first business. That is not a great margin building business. They've had to add tremendously to serve the new people that they got during the pandemic. And now that's over. I am looking at Amazon that has to reinvent itself. The core, which is the most profitable part of it, is forecast to be lackluster, probably for the next year. Let's just call it that
Play episode from 10:15
Transcript
