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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 232.52

+0.1%

Dec 26 9:30 AM EST

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To: 10K a day who wrote (135070)	11/25/2001 9:26:03 PM
From: Skeeter Bug	Read Replies (1) of 164684

>>I think after 6 years and Billions in sales they know a Buttload about retail. << webvan blew $2 billion b4 filing bankruptcy within 2 years. do they know groceries? would you hire them to run your grocery? those $2 billion morons aren't going near my grocery! ho ho ho! ;-) everyone missed the forest b/c they were busy banging their heads against trees. in general, the single largest factor to profits is consumer ignorance (price, quality, reliability, etc...). let me repeat that. the single largest factor to profits is consumer ignorance. what does the internet do? doh! it reduces consumer ignorance... drastically! add in some bubble sized economic supply dislocations and you have a company in big trouble. that company is amazon.com. they owe several billion dollars in principle. they are going to be racking up interest payments in the hundreds of millions of dollars per year... and they lenders don't take pro forma dollars in payment. they have no income to do this and they have no pricing power b/c consumers can open another browser and price compare. just like a recent poster on this thread did... so, amazon knows enough about retailo to know that they made a mistake. knowing what they know now, bezos WOULD NOT bet his life that he could create a company like amazon b/c he knows he'd probably lose it. he would much rather rather spend the glorious proceeds due to one who wraps dollar bills around product during the biggest hoax of a bubble in the history of the world. bezos does know something about retailing amazon stock shares to the public, though... why do you think he smiles like an idiot while he guides his retail titanic into the iceberg? he has a gold laden life boat waiting for him...

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