Join David on Thursday at 1:00pm CST to see his thoughts on Amazon's past earnings, look at what is currently going on with the company, and gives us his thoughts on their upcoming earnings announcement. Furthermore, Dave will look into some potential options trades for investors looking to make a play on Amazon ahead of earnings.
Visibility: 3541
Duration: 18m 32s
Rating: 12
Amazon.com business model is based on utilizing cheap, oppressed and foreign labor. And even at the managerial level [Bezos] is well know for his abusive oppressive persona, not limited to the H-1A, H-1B, H-1C class and various other visa fraud, from code writers, engineers and various other so call talented workers.
Second, over 3000 super-warehouses across the country and 7000 around the world full of “China Crap”.
Third, the use of the Washington Post to mitigate Amazon Tax burden and various other financial schemes. Between 2007 and 2014 Amazon paid zero [0%] in corporate taxes.
Case and point when President Elect –Trump implements his plan of action, Amazon stock would come for a “YUGE” correction.
Based on P/E calculation it would not be worth more than $32 per share, in fact the Chinese online giant Alibaba may be under more solid financial ground than Amazon.
This coupled with Amazon history of workplace abuses and hostilities. Most especially toward women, new mothers with babies, H1-B workers and worse yet warehouse workers. The future does not look bright.