This month's stock is Amazon (AMZN), a repeat choice from February 2012 and May 2012. Every once in a while, I will decide that a stock I already own is deserving of a larger allocation in my portfolio, aside from its current valuation. It takes focus away from "key statistics" (even though I somewhat lazily updated the "Positives/Negatives" below), and towards the goal of simply accumulating shares of great companies.
Amazon (AMZN)
Positives:
$124B market cap: roughly equal to VMware ($32B) + Target ($43B) + Netflix ($10B) + 10% of Apple (iPad and iTunes) ($39B)...plenty of upside here.
Massive revenues ($61B) and growth (22%).
Clean balance sheet ($11B cash, $4B debt).
Negatives:
Expensive 76 forward P/E.
Low margins (1% operating, 0% profit).
Here's my current portfolio. As always, I believe in all of these stocks - until I sell them.
Apple (AAPL) 11.51%
Google (GOOG) 9.21%
Southern Copper (SCCO) 6.85%
Baidu (BIDU) 5.62%
Intuitive Surgical (ISRG) 5.40%
Amazon (AMZN) 5.10%
Ace Limited (ACE) 4.60%
American Capital Agency (AGNC) 4.37%
Annaly Capital Management (NLY) 3.77%
American Software (AMSWA) 2.94%
Tesla Motors (TSLA) 2.93%
Blackstone (BX) 2.68%
Kinder Morgan Energy Partners (KMP) 2.59%
McDonald's (MCD) 2.25%
Prospect Capital (PSEC) 2.23%
Apache (APA) 1.99%
Intel (INTC) 1.91%
DuPont (DD) 1.87%
Vodafone (VOD) 1.87%
Under Armour (UA) 1.74%
BreitBurn Energy Partners (BBEP) 1.66%
Ansys (ANSS) 1.64%
International Business Machines (IBM) 1.53%
Nike (NKE) 1.50%
ConocoPhillips (COP) 1.44%
Computer Programs and Systems (CPSI) 1.43%
China Mobile (CHL) 1.42%
American Express (AXP) 1.41%
F5 Networks (FFIV) 1.39%
3D Systems (DDD) 1.38%
Wells Fargo (WFC) 1.30%
Microsoft (MSFT) 1.16%
The Distressed (BEBE, GSOL, LZB, MSI, PCS, RVR) 1.15%
