SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Value Investing
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: James Clarke who wrote (10801)6/29/2000 9:35:00 AM
From: flyboy  Read Replies (1) of 78530
 
On AMZN...I shorted that at $45, I covered June 23. My concern remains the same. The shorts have generated a tidy profit on information that was already in the market. AMZN is a dog. The ONLY reason that AMZN commands such a high market cap is because institutions are still throwing good money after bad. The shareholders in AMZN have no equity and are subject to heavy dilution IF this company EVER becomes profitable. Otherwise bankruptcy occurs and the covertable bond holders get all the stake that is left in the company. This company has an TON lot of leverage out there for a company with a limited amount of assets. I am appalled by ANALysts that call AMZN the gorilla in this space because it simply is not true. This is a highly leveraged enterprise that represents a far greater risk than almost any other e-tailer. Take ETYS for example, the market kicked them because of the refinancing deal that they did. The deal at ETYS is alot better than the deal at AMZN believe it! I have used ETYS and there is no peer, I am not invested in it though. AMZN will NEVER be able to get financing again so those bonds are all the money that they will ever see IMO.

I must laugh because PCLN is another short that I may well cover today. They are similar IMO. They are darlings of fund managers because they are big and known. PCLN has been given tickets to sell for stock, which long term will not be profitable...lol!

My other short is a newly opened short of LUV as a hedge on my DAL long.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News