Amazon: Exploding CapEx, But Closer To Intrinsic Value

In the last few quarters, I have always been cautious about Amazon.com, Inc. ( AMZN ) and usually rated the stock as a Hold. Considering that most Seeking Alpha and Wall Street analysts were rather bullishMy analysis is focused on high-quality companies, that can outperform the market over the long-run due to a competitive advantage (economic moat) and high levels of defensibility. Focused on European and North American companies, but without constraints regarding market capitalization (from large cap to sm ...