NEW YORK ( F.A.S.T. Graphs) -- I've been analyzing common stocks for the better part of five decades, and I've never come across a stock that was more amazing and befuddling at the same time than Amazon ( AMZN). After going public in May of 1997, the company did not generate a dime's worth of earnings until 2004.
Then, from 2004 to 2010, Amazon grew earnings at a staggering compound annual growth rate of 55%. Moreover, during that timeframe, Amazon's stock price closely correlated to and tracked their earnings growth. This all made sense, and was as it should have been. Great earnings generation produced a powerful advance of their stock price, and all was well with the world. The following earnings and price correlated charts presents a graphic depiction of Amazon's earnings and price correlated record from 2004 to 2010.