Amazon and Jeff Bezos
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Saw this from Yahoo Tech-ticker. While I would not necessarily compare Amazon/Bezos to Apple/Jobs, I admire Amazon the company and Bezos as a business leader. That being said, the stock (Nasdaq: AMZN) is still not cheap, with a PE (ttm) about 40. As a customer, some of the features I like about Amazon over the years include: suggestions “you may also like”; user reviews (5 stars); over $25 free shipping; wish list. As a techie (and analyst) I like Amazon’s investments in cloud computing a few years back (when this thing was not as popular as today). It seems their investments will pay off over time.
Separately, I bought some Ingersoll-Rand (NYSE:IR) shares yesterday, after I sold out the Chesepeake Energy (NYSE:CHK) on Monday morning and Arch Coal (NYSE:ACI) last Friday afternoon. Note Mad Money host Jim Cramer is still bullish on CHK, even after the stock dropped from $74 to $20s in 3 months. A not so good sign.