Jim Cramer: Amazon.com, Inc. (AMZN) Investors Are Losing Patience


Amazon.com, Inc. (NASDAQ:AMZN) has reported a massive loss in the third quarter. Analysts were already expecting a loss of 74 cents a share but after the market close on Thursday, the company reported a loss of no less than 95 cents a share. Amazon.com, Inc. (NASDAQ:AMZN) said that it is expecting more losses in the fourth quarter, but revenue will go up by 18%. In the third quarter, Amazon’s revenue missed analysts’ expectations by $200 million. Discussing Amazon in a program on CNBC, Jim Cramer said that Amazon.com, Inc. (NASDAQ:AMZN) has disappointed the investors. He seemed positive about return on investment. Another expert said that Amazon is going through its worst year ever.

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Cramer said that Amazon.com, Inc. (NASDAQ:AMZN) is not a monopoly anymore. Many experts think that the reason behind Amazon’s tumble is company’s large investments in diverse and multifarious range of sectors. Amazon.com, Inc. (NASDAQ:AMZN) recently launched Amazon Fresh. It released a Fire Phone recently. The company is also working with other partners in the software industry.

Cramer thinks that Amazon.com, Inc. (NASDAQ:AMZN) has no discipline in investments. The company spends a lot of money for apparently no reason. He compared Amazon with Facebook and said that Facebook also invests in diverse areas but its stock touched 52 week high, which means Mark Zuckerberg knows what he is doing. Cramer praised Zuckerberg on his talk in Chinese language in China.

Investors are losing faith in Amazon.com, Inc. (NASDAQ:AMZN). Cramer mentioned an experience of a conference call where an investor broke the ranks and commented angrily on Amazon.com, Inc. (NASDAQ:AMZN)’s decisions. Amazon has faced a fourth consecutive quarter of decline. The company even predicted a bad forthcoming quarter, which has depicted a bad image of the company.

Amazon.com, Inc. (NASDAQ:AMZN) has claimed that heavy investments will pay back in the future and investors will be given high cash flow but nothing seems to be working at the moment for the e-commerce giant.

  Ken Fisher’s Fisher Asset Management hold around 2.5 million Amazon.com, Inc. (NASDAQ:AMZN) shares.

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