Amazon.com’s stock had declined by a third this year. The company has been an incredible performer for decades and the shares have tumbled before, only to recover and press higher. They now appear to be bargain-priced for long-term investors who believe the company will continue to innovate and grow at a solid pace.
And a comparison to price ratios for Microsoft Corp. MSFT underlines just how cheap Amazon’s stock has become.
Cheap to sales — and cash flow