Shares of Amazon.com
April 18, 2006
Amazon.com has declined about 25% over the past 4 months -- providing a more attractive entry point for long-term investors.
And that's how I approach this stock. Buy and hold -- patient investing has worked for me for this stock for nearly a decade. As John Candy said in Splash shortly before dropping a few more coins on the floor ... "When I find something that works, I stick with it."
Nov. 8, 2006
In this Take on Monday, our writer called Amazon a crummy investment. I respect his viewpoint very much, but I disagree, and asked him to back it up on his own CAPS scorecard, but he declined.
Jeff Bezos is on the cover of BusinessWeek this week (not a great sign, historically, when CEOs hit covers of magazines). That said, I continue to believe Amazon is an e-commerce powerhouse with extremely valuable repeat-purchase relationships with large numbers of people around the globe with lots of opportunities to scale its business. I think Bezos is visionary and brilliant too, and he owns a lot of stock. He's helped me to a 12-bagger so far and I'm reaaaaaaaaal patient. It has an Internet imprint rivaling Google
July 25, 2007
24.45% jump today equals a score gain of 47.13 for me, thanks to patient compounding of returns. Amazon will shortly become my top stock on CAPS. In "real life," my cost basis from 1997 is $3.18. Thus, the stock today spiffy-FIVE-popped. It also spiffy-popped for Stock Advisor, where my October 2002 cost basis is $15.31. Shares up $16.93 -- what a great Rule Breaker, and the daybaggers come rather easily for this one, these days ... Investing nirvana.
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Amazon.com is a Motley Fool Stock Advisor selection.
This article was produced by John Reeves, who does not own shares in any of the companies mentioned. The Fool has a disclosure policy.