Now Igy, you're being way to pessimistic. AMZN presently has negative eps. If it maintains the present price next year with the average forecast eps of 2.87, it will have a PE of only 168!!!
Personally, I buy companies that have a history of making profits, not a history of making losses. There are a lot of "value" plays that are cheap and getting cheaper. Below is a list of Buffet Strong Interest Stocks From "The Warren Buffet Way" via Quicken. Which of these a screaming sells?