Amazon: Hitting New Lows


  • Amazon has dropped by half over the last year.
  • And yet, its shares are far from cheap.
  • Amazon experiences major headwinds when it comes to business growth and profitability, and it is not guaranteed that 2023 will be much better.
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Article Thesis, Inc. (NASDAQ:AMZN) has been a pretty bad performer so far this year, as shares have recently taken out a new 52-week low. And yet, Amazon is far from cheap at current prices. Advertising and AWS provide compelling long-term growth potential, but

Disclosure: I/we have a beneficial long position in the shares of GOOG, MSFT either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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