Is it truly going to happen in the near future or was it simply a brilliant marketing ploy?
On 60 Minutes this past Sunday Amazon.com CEO Jeff Bezos created a huge buzz when he revealed that Amazon is working on delivering goods by drone.
His target date? Perhaps as soon as 2015.
Amazon (AMZN) is not a stock for value investors. With a market cap of $180 billion and exactly no earnings it is the ultimate valuation based on faith.
Faith in big profits somewhere in the future.
Here is the full video with Bezos:
- CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
- Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
- Double Buys:: Companies that both Gurus and Insiders are buying
- Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.