Home› Precious Metals

Amazon’s stock is up more than 600% over the past five years!

VanHalenVanHalen Posts: 4,031 ✭✭✭✭✭
in Precious Metals

Now worth over a trillion USD and soaring ever higher.

finance.yahoo.com/news/amazon-worth-1-trillion

Comments

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,365 ✭✭✭✭✭

    It still doesn't feed the hungry. Ask me how I know. I'm hungry.

  • OPAOPA Posts: 17,124 ✭✭✭✭✭

    @TwoSides2aCoin said:
    It still doesn't feed the hungry. Ask me how I know. I'm hungry.

    & neither will PM's..especially Platinum ;)

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • derrybderryb Posts: 36,949 ✭✭✭✭✭

    Doesn't hurt that a taxpayer funded delivery system (USPS) is utilized (at a loss to that system) to get Amazon purchases "the last mile" to the customer. It is estimated that USPS handles over 50% of amazon deliveries.

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • BaleyBaley Posts: 22,661 ✭✭✭✭✭

    Thank you Amazon, the profit from your stock more than pays for all the crap the wife and kids buy from you. Now if you would just send a robot to assemble the stuff, I'd get my time back too and we'd be square.

    Liberty: Parent of Science & Industry

  • derrybderryb Posts: 36,949 ✭✭✭✭✭

    @Baley said:
    Thank you Amazon, the profit from your stock more than pays for all the crap the wife and kids buy from you. Now if you would just send a robot to assemble the stuff, I'd get my time back too and we'd be square.

    Your mail carrier is attending evening classes at the Amazon Assembly School. Won't be long before it will be on your front porch, fully assembled.

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • mariner67mariner67 Posts: 2,746 ✭✭✭

    I have never thought Amazon stock was fairly valued.
    Shows how wrong I and many others here have been.
    Also reminds me of the old saying...Don’t fight momentum.

    Successful trades/buys/sells with gdavis70, adriana, wondercoin, Weiss, nibanny, IrishMike, commoncents05, pf70collector, kyleknap, barefootjuan, coindeuce, WhiteTornado, Nefprollc, ajw, JamesM, PCcoins, slinc, coindudeonebay,beernuts, and many more
  • rickoricko Posts: 98,724 ✭✭✭✭✭

    I can still remember, while living in Seattle, the Amazon radio ads for warehouse space... They were comedic, however, in retrospect, unbelievably accurate. Cheers, RickO

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,365 ✭✭✭✭✭

    @OPA said:

    @TwoSides2aCoin said:
    It still doesn't feed the hungry. Ask me how I know. I'm hungry.

    & neither will PM's..especially Platinum ;)

    That's a fact. Metal cuts deep, but paper cuts hurt, too. I've yet to work in any trade where I didn't get cuts.

  • VanHalenVanHalen Posts: 4,031 ✭✭✭✭✭

    Amazon Orders 20,000 Mercedes-Benz Vans. Where did they get that kind of money? :)

    wsj.com/articles/amazon-orders-20-000-mercedes-benz-vans-for-delivery

  • WeissWeiss Posts: 9,941 ✭✭✭✭✭

    @derryb said:
    Doesn't hurt that a taxpayer funded delivery system (USPS) is utilized (at a loss to that system) to get Amazon purchases "the last mile" to the customer. It is estimated that USPS handles over 50% of amazon deliveries.

    "Zero tax dollars used. The Postal Service receives NO tax dollars for operating expenses and relies on the sale of postage, products and services to fund its operations."

    https://facts.usps.com/top-facts/

    We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
    --Severian the Lame
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭

    1-2% of our business is from Amazon.

  • derrybderryb Posts: 36,949 ✭✭✭✭✭
    edited September 5, 2018 8:03PM

    @Weiss said:

    @derryb said:
    Doesn't hurt that a taxpayer funded delivery system (USPS) is utilized (at a loss to that system) to get Amazon purchases "the last mile" to the customer. It is estimated that USPS handles over 50% of amazon deliveries.

    "Zero tax dollars used. The Postal Service receives NO tax dollars for operating expenses and relies on the sale of postage, products and services to fund its operations."

    https://facts.usps.com/top-facts/

    While the USPS correctly claims that they get no taxpayer dollars for "operating expenses," Congress gives USPS $100 million per year for non-operating expenses.

    In 2009, the Postal Service began borrowing money from the U.S. Treasury Department to deal with its troubles. It soon reached its borrowing limit of $15 billion in September 2012. Who do you think will eat that debt since the USPS continues to lose money each year?

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

Sign In or Register to comment.