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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 229.10-1.4%Dec 4 3:59 PM EST
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To: H James Morris who wrote (103416)5/15/2000 8:24:00 AM
From: Glenn D. Rudolph  Read Replies (1) of 164684
 
The bonds are still burdensome. 7-Eleven's long-term debt totaled
$1.8 billion as of Dec. 31, leaving the company with a negative net
worth--that is, the sum of its debts minus its assets--of $560 million.

James,

Using tangible book value 7-Eleven has a better balance sheet than Amazon.

Here is the more important figure:

In this year's first quarter, its profit more than doubled from a year
earlier, to $14.8 million, though that still amounted to less than a penny
for every dollar of revenue, which totaled $2.1 billion in the quarter.
Even so, 7-Eleven's "same-store" sales of merchandise--those of
stores open at least a year, and retailing's primary gauge of
success--jumped a stout 9% from a year earlier after gaining 9.8% for
all of 1999. Only two years earlier, 7-Eleven's same-stores sales had
risen a meager 1.5%.
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