50 Billion Reasons to Buy Amazon Stock Like There's no Tomorrow
Amazon's (NASDAQ: AMZN) efforts to reduce costs in the retail business, including optimizing inventory at its fulfillment centers, is starting to pay huge dividends on the bottom line. The business generated an impressive $50 billion in free cash flow over the trailing-12-month period, a massive turnaround from negative $3 billion in the same period a year ago.
Amazon's growing free cash flow is already paving the way for more aggressive capital investments in Amazon Web Services (AWS) -- the company's highly profitable cloud-services business. This could have positive implications on the stock's returns over the next several years.
Source Fool.com
