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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 226.99-1.1%Dec 8 3:59 PM EST

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To: Glenn D. Rudolph who wrote (25003)11/7/1998 10:53:00 PM
From: waldo  Read Replies (1) of 164684
 
"I wish..that..I knew..what I know now...when I was longer!" LOL!

It's all a question of infrastructure...Amazon's is non-existent(paper thin;>) Remember this:

>>What a lot of people want to know now, of course, is whether Barnes & Noble can close the market-cap gap on Amazon. Based on its past, and based on the fact that it has the infrastructure needed to compete with Amazon -- mano a mano -- there's no reason to think that it can't.<<

fnews.yahoo.com

But wait! AMZN may climb to 300! From Fleckenstein:

>>Here is a list of the earnings progress since Amazon.com came public. If the company ever could have a really bad quarter and lose a few bucks a share, its stock could surge to $300. You have to love a business that sells dollar bills for $.95.

3/97 ($.08)
6/97 ($.16)
9/97 ($.185)
12/97 ($.205)
3/98 ($.20)
6/98 ($.44)
9/98 ($.90)

I have nothing personal against Amazon.com or any of the other companies that I speak pejoratively about. My objection is the monstrous discrepancy between the value of the business, the fundamentals and the prospective rates of returns for the business.

I think that Amazon.com is a fine product to use, but the market has bid up the stock price to where it has no relationship to the business. I'm sure many of the shareholders have no notion of how business works, they just like the idea or the chart. (I know this is true for many companies because of the questions people ask me. Individuals rarely even know the market cap.)<<


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