(04-15-2020, 02:26 PM)BLINGMW Wrote: They're hiring 175,000 people to deal with this? Crikey. Well, I'd consider that some evidence.
As far as public perception vs reality, I.... get what you're saying, and riding waves of whatever's hot is fun, but the sane money does run out. Just checking, did you really mean to say Amazon does not have supply issues right now? Everybody's having supply issues right now. I'm pretty sure they're included, unless they get their goods from some other planet?
They hired 100k over the last month and just announced plans for 75k more. They've also increased starting wages from $15 to $17/hour.
They are having supply issues with things like masks, hand sanitizer, and toilet paper. They are not having supply issues with all the other things people are buying to cope with staying at home - toys, school supplies, office chairs, groceries, Bluetooth speakers, etc.
They've taken steps to encourage less buying by doing things like take away "Customers also purchased..." boxes. This is because the primary limiter for fulfilling orders is personnel.
I do think there's some "hot right now" going on, but I've always been long on Amazon. My original comment was really about buying at a discount in the trough for a long term hold. I think what's happened to the stock over the last two days is kinda ridiculous.