Amazon.com, Inc. (NASDAQ:AMZN) has shown consistent efforts to improve its market share in the past few quarters. With improved services in the last year, and the launch of its super-fast delivery service named Amazon Prime Now Service, Amazon.com, Inc. is all set to bring a lot of good news to patient investors of the company. With further business expansion on the cards, CNBC interviewed Bill Miller, Chairman and Chief Investment Officer of LMM and discussed with him Amazon.com, Inc.’s future.
“Well, I think the stock has come back because people believe rightly or wrongly. I happen to think rightly, but I think it’s irrelevant. Amazon’s margins are going to go up. Jeff Bezos has talked to us about checking in with Wall Street from time to time to show that they can get their margins up. So we saw margins surprise in the Fourth Quarter, which, I think if you listen to the Third Quarter call they actually – Tom Szkutak, the CFO actually signaled and in the Fourth Quarter call as well, he talked about being very mindful of productivity. So, yeah, I think Amazon is likely to do well,” Miller said.
There was obviously a time period when the market got really down on Amazon.com, Inc. (NASDAQ:AMZN) and people were very critical of the way CEO Jeff Bezos was running the company. But according to Miller, Amazon.com, Inc. has maintained its productivity even though the competition has grown harder during the last few years.
“The idea that Amazon doesn’t make any money is – I find fascinating – because Amazon came at a $400 million market cap. It’s got $160 billion market cap. Try to see if it went that without making any money. What it doesn’t do is report a lot of GAP profits but it’s an extraordinarily profitable business that directs those towards investment and growth,” Miller said.
At the moment Amazon.com, Inc. really seems focused on expanding its market share. It is trying out its Prime delivery service in major cities where it is delivering customers packages within two hours of them placing an order online. With the permission of the Federal Aviation Administration, Amazon.com, Inc. is also ready to try out its unmanned drone delivery system. Amazon.com, Inc. (NASDAQ:AMZN) is an established brand in the internet & catalog retail industry, and with its recent performance Miller expects the company’s stock to show upward movement with promising returns on investment in the current fiscal year. Amazon.com, Inc. is currently Miller’s top pick.
I just made 84% in 4 days by blindly imitating a hedge fund’s stock pick. I will tell you how I pulled such a huge return in such a short time but let me first explain in this FREE REPORT why following hedge funds’ stock picks is one of the smartest things you can do as an investor. We launched our quarterly newsletter 2.5 years ago and not one subscriber has, since, said “I lost money by EXACTLY following your stock picks”. The reason is simple. You can beat index funds by creating a DREAM TEAM of hedge fund managers and investing in only their best ideas. I just made 84% in 4 days by blindly imitating one of these best ideas. CLICK HERE NOW for all the details.