Re: This is good?
The store is a very low margin business, and there are no barriers to entry for competitors both big (Walmart) and small/specialized (Newegg) so they will never be able to increase those margins. There isn't enough growth possible in retail to come close to justifying their valuation. AWS is their only hope, unless they enter a new line of business where they can make billions in profit every quarter. Those are rather few in number, however.