John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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richardred

roguedolphin

To: richardred who wrote (19272)	5/26/2017 12:48:24 AM
From: John Pitera	3 Recommendations Read Replies (2) of 33421

Hi Richard, you are extremely prescient in seeing the future possibility of Sherman anti-trust action on AMZN. Clearly the millenials and the significant and apparently growing "Bernie Sanders" wing of the Democratic party could well take a very dim view of a Goliath like AMZN somewhere down the road... AMZN is seen as destroying so many retail business chains, not to mention the innumerable Mom and Pop stores that has been subsumed by the AMZN steamroller..... Bezos is very wisely and publically selling a big chunk of stock each and every year to put the money in some of his other businesses and in his rainy day fund. Since Bezos was an investment banker prior to founding AMZN he has always had quite a feel for the way that Wall street works. It was widely reported back at the .com mania top in 2000 that he had worked with Credit Suisse and had them create synthetic puts and customized Over the counter products and he was said to have sold several billion dollars worth of AMZN back at it's stratospheric highs of those heady days. the margins at AMZN have always been very small and I believe they have only had quarterly profits about 50% of the time since they went public in 1997 JJP

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