Sandy Lighthouse's  Instablog

Sandy Lighthouse
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Self employed for 35 years in construction. PHD from school of hard knocks. Tend to have a macro macro perspective.
  • My Two Cents On Amazon 0 comments
    Oct 21, 2012 8:27 PM | about stocks: AMZN

    Amazon (NASDAQ:AMZN) certainly is a hot topic here on Seeking Alpha. The opinions and perspectives are all over the graph. Comparing Jeff Bezos and Steve Jobs is a common theme, both being founding CEO's of massively disruptive companies.

    The big difference between the two is that Jobs was a "saver" and Bezos is a "spender". Jobs was disciplined and Bezos is undisciplined when it comes to focusing their company's financial and intellectual resources. Bezos has always been a dreamer who just can't say no to a myriad of fascinating possibilities. Bottom line, Bezos will always find ways to spend available capital on "the next idea" putting a cap on long term profitability, and occasionally get caught being over-extended financially.

    Amazon is on a spending spree right now, and looks to me to be somewhat overvalued. My best case scenario is for Amazon's stock price to be relatively flat for several years, before heading higher.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: AMZN
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