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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 220.66+1.6%Nov 21 9:30 AM EST
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To: Brad Rogers who wrote (146)8/20/1997 10:29:00 PM
From: Bilow   of 164684
 
Given that this stock was all over the paper, and given that it is
still highly volatile, why is it that we can't keep this thread going?
My personal opinion is that the company needs to make another
stock offering. They are continuing to deplete their rather small
(compared to the stock price) pile of cash by selling books below
their cost. Do go back and read the small number of posts in this
thread. They date back approximately to the IPO.

I whole heartedly agree that their web site and service are of the
highest caliber. I only have problems with their balance sheet and
their income statement. If I were a bank, I wouldn't lend them a
dime until they showed some sort of path to profitability. Maybe
I'm just not imaginative enough to see what they plan to do. But
their most recent quarter had their sales margins eroding. I think
they would make a useful, internet odd-book supplier, but they need
to quit with the discounts until they start making money. Books are
an old industry with small mark-ups. Its just cheaper to ship books
direct from the factory in big trucks to huge warehouse stores
like Barnes & Noble than it is to mail them from a central warehouse.
Main reason is that books are heavy.

Are the big mutual funds and institutions buying into this? You can
usually see their purchases on the intraday trading graphs, if present.
On the other hand, they may be waiting for more float to come on
line, as more of the initial invester are allowed to sell out.

-- Carl
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