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Speaker 3: Let's talk about Amazon. Yeah, why is Amazon consistently making
Speaker 3: big move but the stock doesn't reflect it? Like, the
Speaker 3: stock is never really going skyrocketed. It's not going up.
Speaker 3: It's not keeping track with Apple or Microsoft? Like why
Speaker 3: has Amazon underperformed relative to the other big tech companies?
Speaker 4: Well, my question would be have they underperformed or are
Speaker 4: they just in the range where they should be for
Speaker 4: a normal stock that is a Fortune five company that
Speaker 4: is not overinflated. I think we all can agree. As
Speaker 4: great as Nvideo is to go up eleven x in
Speaker 4: four years. It's a feat that many companies won't do again.
Speaker 4: So I think it's performed incredibly well. Like especially from
Speaker 4: where it was. It's one of the top picks, top
Speaker 4: retirement pits in stock Club. I think that people want
Speaker 4: extraordinary gains, but then when we have extraordinary drawdown, they
Speaker 4: don't want that part of it. Amazon's Tim duncan give
Speaker 4: me twenty two and twelve and four blocks in the
Speaker 4: finals and may not. I'd be the spectacular fifty point
Speaker 4: nine that maybe a Carmelo can put up. But I
Speaker 4: like when a company can consistently print games or and
Speaker 4: then have little draw down. I think we all can
Speaker 4: be very clear. In the retail space, they run the
Speaker 4: retail space, getting more exposure in India, which is the market.
Speaker 4: I think that it's going to be most important in
Speaker 4: the next two decades. I think they've done incredibly well.
Speaker 4: Great question, but sometimes a safe stock doesn't look exciting
Speaker 4: when other things are going parabolic. But when those stocks
Speaker 4: or meme coins go parabolic, do they last for long?
Speaker 2: Amazon is my favorite company, and I think for all
Speaker 2: the points you said, and then I'll add a few
Speaker 2: additional ones. Unlike in the video, when you hear something
Speaker 2: about black Bell. You can see momentum move in a
Speaker 2: positive direction. When Amazon makes it an announcement, it necessarily
Speaker 2: doesn't move with the announcement. The announcement sometimes and the
Speaker 2: gains are probably baked in and so you'll see slow movement.
Speaker 2: But if you look at it over this past five years,
Speaker 2: it's going up eighty seven percent, so that's nearly one
Speaker 2: hundred percent returned since the pandemic. This year it's up
Speaker 2: twenty percent. So these are like, really there's a whole
Speaker 2: run in the year.
Speaker 4: It's CAUs to twelve percent twenty years over delivery for a.
Speaker 2: Company with the market and the size that it has,
Speaker 2: I mean, it's ridiculous, had I mean, the premium valuation
Speaker 2: is one of those reasons. It's a ready valued high, right,
Speaker 2: so when you have a premium stock, most people look
Speaker 2: at like how much higher can it go? How much
Speaker 2: higher can it go? And so that plays a part
Speaker 2: in it. And then what we saw from their their
Speaker 2: earner support last two weeks ago when we talked about
Speaker 2: the heavy reinvestment, and so they've invested in infrastructure. That's
Speaker 2: the reason why you now can have your products in
Speaker 2: the same day. They have invested in AI and we
Speaker 2: talked about that when cappex was increased by forty three percent.
Speaker 2: So they're innovating. They're still making money, right, and you're
Speaker 2: gonna love this because you love talking about gross profit margin.
Speaker 2: Here's the last four quarters their gross profit margin and
Speaker 2: June of twenty three sixteen percent, in September of twenty three, seventeen,
Speaker 2: zero point one five percent in December of twenty three,
Speaker 2: seventeen seventeen and a quarter percent March of this year,
Speaker 2: nineteen and a half percent. In June of this year,
Speaker 2: they just reported another nineteen in a quarter. And so
Speaker 2: you're seeing they're making more money. They've figured out ways
Speaker 2: to make more profit from the products and services that
Speaker 2: they had as they've added more businesses. We've already talked
Speaker 2: about their moat in the e commerce space and how
Speaker 2: they enter spaces not just to say we want to
Speaker 2: be a part of it, but to completely dominate and
Speaker 2: take over them. Yeah.
Speaker 1: I love Amazon, the greater CEOs all time.
Speaker 2: I was going to that was the last point I
Speaker 2: was going to make. We can't discount the fact that
Speaker 2: they're seed, They've changed CEOs, and they've had a stock
Speaker 2: split within the past four or five years, So sometimes
Speaker 2: that takes change, right, Like who is actually going to
Speaker 2: be as a CEO? Who is he going to be
Speaker 2: as a leader of the company. I'd say he's done
Speaker 2: pretty well. I love Amazon, not even just for the
Speaker 2: short term, but for a long term perspective. It is
Speaker 2: something that I mean, it's going to stay in my
Speaker 2: portfolio and now I don't see why it wouldn't be
Speaker 2: anybody else's.
Speaker 1: Yeah, for sure, say your case, twenty is an amazing
Speaker 1: return for a company that size, that has the entire
Speaker 1: world on their back and trying to copy in either
Speaker 1: way at their games.
Speaker 4: Like if I would have told you eight years ago
Speaker 4: Amazon would be outpacing Walmart is a safety stock, you
Speaker 4: to said that was crazy. They've performed incredibly well enjoy
Speaker 4: stable games.
Speaker 2: We got to appreciate that. I'm looking at now. Apple
Speaker 2: is up via the date is up seventeen percent. So
Speaker 2: it's actually and we I mean everybody we talk about too, but.
Speaker 4: Less turbulous and more in Apple. This IFHO sixteen, I
Speaker 4: better be able to cause Kai Sanat on a damned
Speaker 4: space ship. Don't re rock the same fifteen pro and
Speaker 4: tell me you put three more megapixels in it. I'm
Speaker 4: gonna go in here and go off.
Speaker 1: Please innovate more megapixels more.
Speaker 3: Hey k an.
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