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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 226.720.0%9:42 AM EST

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To: Glenn D. Rudolph who wrote (146940)9/5/2002 4:56:00 PM
From: Alomex  Read Replies (1) of 164684
 
Perhaps the deals say something more profound about the post-9/11 market than about Buffett. With so many stocks having plummeted, so many companies beset by scandal, so much money fleeing the market, and such a crisis of investor confidence, one might expect that the classic value situations that are Buffett's hallmark would be everywhere. Buffett should be grabbing an underpriced company every few days. The fact that Buffett, who has oodles of cash to put to work, hasn't found many—and has instead been nibbling on distressed properties—shows just how overvalued stocks still are.

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