No. of Recommendations: 4
Between the two, I like prospects of Alphabet a lot more.
Plus, it has been trading today at 16 times (admittedly out of date) 2025 earnings estimates, depending on what time you look. Despite the possibility of a slowdown, that seems pretty reasonable for such a nice looking business.
Amazon is a formidable firm, but I the price has always included a fair bit of prepayment for good things that haven't happened yet. If (when) multiples fall to what a normal company would see, then the price could be stagnant for several years even as earnings and cash flow and "Amazon cash flow" grow at the impressive rate that everyone expects.
Jim
