Amazon
Yet again, it’ll pay zero taxes to the IRS for 2018!
No taxes on sales of $233 billion and profits of $10.8 billion
last year.
Not a dime.
Nada!
This is just wrong.
And it’s one of many things
that are wrong with this bubble!
I just had to record a video to talk to you about it.
Amazon got up to a $1 trillion valuation at its peak in 2017. At that time, it was 5.6x sales. That’s crazy. A normal valuation is 1x, maybe 2x for a growth company.
So, we’ve got companies making record profits and enjoying tax cuts. AND they’ve had a QE tailwind for years…
All of which they’ve used to buy back their own stocks.
Yeah! That’s a recipe for trouble.
First though, they’ll present Dark Window profit opportunity this year!
Harry
Follow me on Twitter @harrydentjr
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