Kris Tuttle

Amazon Stock's Expensive Unless Free Cash Flow Doubles

I agree with your analysis and stock opinion. However I wonder what drove the stock higher over the month post the huge pop on Q1 results? I can guess that technical types may have seen the move from 45 to 60 as a huge breakout on heavy volume and this helped the stock follow through from 60 to almost 75.

But does anyone see any real fundamental change in the story to support buying stock above $60? I have not been able to figure it out. I'm a major Amazon customer and love the company, think they get Web 2.0 and all that but the valuation relative to the current core business is difficult to fathom.