Wall Street Loves Amazon Stock Right Now. Here's Why I'm Not Buying.
For much of Amazon's (NASDAQ: AMZN) history, "buy Amazon stock" has been great advice.
If you had purchased shares of the e-commerce stock shortly after its IPO and held through the dot-com bust, there's a good chance you'd be a millionaire by now. The stock is up more than 100,000% since its debut, meaning it's turned $1,000 into more than $1 million.
Even if you'd bought Amazon a decade ago, you'd be up big, with returns over 8x.
Source Fool.com
