Amazon’s spending binge and weaker margins on its AWS cloud computing business are making its stock undesirable analyst James Cakmak told CNBC on Friday.
« I don’t think this is the time right now to get in because I still think that the expectations have not fully calibrated with the reality of the situation, » the Monness, Crespi, Hardt & Co. equity analyst told » Squawk Box. »
Though AWS has been touted as a profitable part of the business, its incremental margins were slashed in half year over year, Cakmak said.
