Back in July, I wrote a Barron’s cover story that made a bullish case for
Amazon.com
tied to the enormous long-term value of the company’s cloud-computing arm,
Amazon
Web Services. Mea culpa.
Amazon
shares have since fallen 25%, amid concerns about the near-term growth prospects for both the company’s core e-commerce business and for AWS.
While those worries are valid, I’m more convinced than ever that it makes sense to buy
Amazon
com (ticker: AMZN) shares for the long haul. So, while shopping for Squishmallows and Barbie Dreamtopia Mermaid dolls over the holiday season, you might want to commit a few bucks to
Amazon
shares, as well.
