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The Few, the Proud, the Absurd: Amazon Bears Who Are Short

Two things that many public companies lack.

I've said it several times over the last year, but it probably bears repeating. Amazon has faced the same criticisms and scrutiny since somewhere around 1999.

Jeff Bezos gets asked about spending and profitability. And he replies with his thing about being in it to seize long-term opportunity, which sometimes comes at the expense of pristine, near-term earnings reports.

One reason why we have faith in Bezos and his team is that visibility.

Amazon doesn't use talking points (other than for competitive reasons). It states with zero hesitancy that it's a spending a ton. It breaks down where the cash goes. The company provides reasons for strategy. And, refreshingly, it tells everybody it's really not sure when the spending will slow.

Transparency. Visibility. Long-term opportunity. And a company not sitting on its cash. It's reinvesting it regardless of what's happening in Washington, Europe or on Wall Street.

America loves Amazon. And so do investors. It's just a small minority scratching their heads over it.

At the time of publication, the author held no positions in any of the stocks mentioned in this article.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.

Rocco Pendola is TheStreet's Director of Social Media. Pendola's daily contributions to TheStreet frequently appear on CNBC and at various top online properties, such as Forbes.
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