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Stop Hating Amazon, It Can Spend-and-Grow Forever

Stocks in this article: AMZN

NEW YORK ( TheStreet) -- On Wednesday night at 9 p.m., I ordered a Samsung television set from (AMZN).

The Amazon bots initially slated delivery for Saturday. However, just over four hours after placing the order, I received confirmation that my order had been shipped and would arrive by Friday.

That's nothing short of incredible.

I live in Santa Monica, Calif., just west of Los Angeles. At 1:32:50 a.m. on the morning of Oct. 11, United Parcel Service (UPS) timestamped my package in Phoenix. At 2:38:00 p.m. on that day, the package arrived in Vernon, Calif.

As is typical of my Amazon experience, the package will go out for delivery first thing Friday morning and arrive at my house around midday.

That's a roughly 42-hour turnaround from click to purchase at the Amazon Website to the arrival of a freaking television set at my doorstep. And I was able to sit at home for weeks stewing over the decision to buy a TV despite the NHL lockout, while waiting for my price.

Before tax, my boob tube cost $297.99 (marked down from $419.99). After tax, which Amazon just started collecting in California, it came to $325.55. Of course, as an Amazon Prime member I received free shipping.

Few people disagree that Amazon provides remarkable services. Bears, however, argue that a good product or service does not necessarily equate to a sustainable business and sound investment. They cannot seem to understand why investors continue to support and periodically run up the company's stock price.

Amazon Lets Investors Sleep at Night

Over the last six months, AMZN has even outperformed Apple (AAPL) by roughly 30%.

I don't understand what all the bearish fuss is about.

More than anything, particularly in perpetual startups, investors want to see growth, particularly revenue growth.

In that regard, Amazon delivers quarter after quarter. For the second quarter, worldwide revenue increased 29% year-over-year. For the third quarter, which Amazon reports on Oct. 25, the company expects revenue growth between 19% and 31%. And then, of course, there's the October/November/December holiday quarter. Enough said.

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