Amazon.com Inc is generating lots of free cash flow, which it often uses to invest in growing its business, making the e-commerce retailer a good investment, weekly newspaper Barron’s said on Jan. 3. The company’s shares closed Friday at $1,875, which is 69 times its projected earnings this year, but the price is still sensible when compared to Amazon’s free cash flow, according to Barron’s. When the company’s financial results for 2019 are released, Wall Street analysts expect Amazon to report revenue increasing by 20% and free cash flow swelling by 28%, the newspaper said. …read more
Source:: Yahoo Finance
