Good dividend payer, even though payout is 148%, this Profit Margin is excellent. I missed the dip,as I was not focussing less than 1B mcap companies, but today morning I got some.
ATM, any cloud-based tickers are up big… kind of like 1997-2000, dotcom era. This time is cloud era
So buy any companies vaguely has a cloud presence till it didn’t work please learn from dotcom era when to run!
Seattle property jumps 60% and any SFHs near AMZN Lab126 in SV also jumps 60%… kind of
Imagine if you’re a senior developer/ manager/ architect+ working in AMZN for more than 4 years where quite a big chunk of your RSUs has vested, given that AMZN has stagnated for awhile and then suddenly jumps 60% after 6 months, shouldn’t you play it safe to sell those RSUs to overpay for any SFHs! Got to spend the ill-gotten gains before someone spoil the cook.
It’s even more pronounced with AMZN due to the comp structure. A bigger portion of comp is RSU than at most companies. They are granted assuming a 15% annual increase to achieve target comp in the future. The hire on ones vest 5%, 15%, 40%, and 40%. There’s a monthly bonus the first two years to make up for less stock vesting. People that hired in 3-4 years ago have comp based on the stock increasing 52-75% during that time. It’s up over 300% vs. 3 and 4 years ago. If stock is supposed to be 30% of comp, their total comp is going to be 27-36% higher than planned.
The annual awards during performance reviews usually vest over 2 years, and even those shares are worth a lot more than expected.
I’m guessing our grants this year will be smaller, because most people are above the top of their pay range based on the increase in value of prior grants. It’s almost doubled vs. my hire date just over a year ago. It’s not even supposed to hit that high for my 4th year of vesting. Even if it’s completely flat the next 3 years, I still come out ahead vs. the target.
Actually I am aware of an AMZN employee paying full cash for a SFH in Cupertino worth $2.8M. He used to stay in a condo. There is no way RE in SV would decline if SWEs are earning so much and stock prices keep rallying.