When we launched the $10,000 BizNews Shyft portfolio in December, a disappointment was being unable to include all-time favourite counter Amazon.com. At over $3,000 each, adding a single share would simply have required too high a weighting.
Although it’s not entirely absent – Amazon is 6.65% of the QQQ ETF which is 35% of the BN Shyft portfolio – we’d dearly loved to have owned a stake similar to the 21% in the long-standing BizNews Webtrader portfolio. Even more so after last night’s cracking quarterly results from Jeff Bezos’s creation.
As you will read in the piece below from our partners at The Wall Street Journal, Amazon’s numbers surprised pundits, its share price jumping 14% after-hours in the wake of a 7% pre-results decline. Among forgotten facts was the huge strides Amazon has taken in securing its global supply chain (see video above) through decisions like investing in its own fleet of container ships.
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We bought into the Amazon story in December 2014 when the shares were $328 each. Despite the temptation to take profits, we have followed the Warren Buffett principle of applying an average holding period of “forever”. Wise old owl that Oracle of Omaha.
More for you to read today:
- The Lockdown Catastrophe. Where are the public health benefits to justify Covid-era shutdowns and spending?
- Meta’s Investors Get a Reality Check. Meta’s fourth quarter results show Facebook as we knew it may really be over. But what if that isn’t such a bad thing?
- End the Covid Panic Now. Biden should declare the pandemic is over, so Americans can return to normal lives. (Also, see video below).
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