The Problem With Amazon’s Tax Bill

Harry Dent  |

Amazon  (AMZN) is the best of this bubble, and in some ways the worst!

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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Companies

Symbol Name Price Change % Volume
AMZN Amazon.com Inc. 1,764.77 -54.49 -3.00 6,362,983 Trade

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