You are viewing a single comment's thread from:

RE: Peter Schiff's warning on bitcoin and cryptocurrency

in #bitcoin7 years ago (edited)

I gave up at about 9 minutes where he was saying Amazon doesn't make any money.

This was published in 2016: https://www.wired.com/2016/04/whoa-amazon-isnt-just-making-money-making-ever/

And this is more recent, saying they turned a profit for 8 straight quarters:
https://www.recode.net/2017/4/27/15451726/amazon-q1-2017-earnings-profits-net-income-cash-flow-chart

For some counter to that though, there is this article (http://www.investopedia.com/stock-analysis/031414/amazon-never-makes-money-no-one-cares-amzn-aapl-wag-azo.aspx) on InvestoPedia that says:

"bidding the stock up to enormous levels – currently in the neighborhood of 630 times earnings. Such a P/E ratio is hard if not impossible to keep at that size in the long run, but it does speak to the market’s belief in Amazon’s business model"

Coin Marketplace

STEEM 0.17
TRX 0.16
JST 0.028
BTC 76323.20
ETH 2986.08
USDT 1.00
SBD 2.62