you should love Amazon
better yet, you should love their stockholders and underwriters
they have been subsidizing profitless sales for years
I love them too, what a deal each time I buy
a $50 textbook should be $70 minimum for such quick custom service from my desk to my door
wow, what a great deal
they are burnt toast
barriers to entry? what barriers?
they compete with BarneyNoble, Borders, and every major university bookstore
anyone who can open a store and sell or ship books
almost no real advantage operationally (buy, store, locate, stuff, ship, bill)
all the advantages are on the purchaser side
recent changes involve outsourcing, so now they are becoming a sales agent
I defy you to refute this essential point
like many internet firms, they are a sham with no added value to reduce the cost of THEIR doing business
just like how the Harvard BusSchool professor said it in BusinessWeek
a buyout (if it happens) will be at silly low price
what is their book value?
that is where it is heading, minus 10-20%
AMZN is basically worth the brick & mortar behind it
what irony !!!
/ JW |
