NEW YORK- A weekly newspaper Barron’s said that Amazon.com is generating lots of free cash flow which is used towards business investments that allow it to grow making it a wise investment.
The e-commerce site’s shares closed Friday at $1875, approximately 70 times its yearly projected earning. This price is still sensible as compared to Amazon’s free cash flow.
With Amazon’s 2019 financial results out, analysts on Wall Street expect the company to report 20% revenue increase and a 28% swell in free cash flow.
In the next five years, the e-commerce site is expected to become the largest free cash generator in U.S.
(Photos syndicated via Reuters)
This story has been edited by BH staff and is published from a syndicated field.
