Topic: How To Invest

What is Pat’s commentary for the week of June 15, 2021

Article Excerpt

We first recommended in the July 2008 issue of Stock Pickers Digest (now Power Growth Investor) at $82.52. While we have occasionally moved our recommendation from a Buy to a Hold and back again over that time, the stock has nonetheless been an outstanding performer for our readers: Amazon is now up a whopping 3,992.5%. In 2008, Amazon was predominantly seen as a leading bookseller on the Internet, as well as a leading video and music seller. Since then, its merchandise and service categories have vastly expanded. They now include electronics, computer games, toys and household items, and many more. While its strategy of winning market share by lowering prices at the expense of immediate profits adds to its risk, the company’s new ventures—such as hosting websites for other firms—have become major growth drivers. The COVID-19 pandemic has also helped Amazon attract more customers as the virus forced physical stores to close. Thanks to the company’s focus on low prices and fast…

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