Great site....wal-mart online can be seen here
wal-mart.com
They seem to have a big jump on AMZN and already sell everything available in their stores online at
tremendously discounted prices, INCLUDING BOOKS, CD's, and software...uhhhhhhhhh.....why is it
that everyone continues to believe that AMZN will have such a lock on these markets, or even be
able to compete in these markets? The big boys are already here or coming anyday...they ALL have
lower prices, and as you can see at wal-mart, they are already selling everything! What exactly is left
for AMZN? Wal-mart is extremely profitable, a DOW index stock, and sells at a 32 p/e (AMZN has
no p/e due to lack of 'e') and Price/sales of
around 1 and did 10.5 Billion in sales in February alone!......they have one of the most efficient
ditribution methods in the world, and everyday put companies out of business with their cutthroat
pricing......
AMZN, on the other hand, is selling at 2.2 billion dollars, 15 times sales, no earnings and and and and
????What the hell are you paying for? Oh yeah, the internet....what?!!! Everyone is on the
internet!!!!!! Bigger and better companies are coming online everyday. Why doesn't the market buy
those companies up to ridiculous levels? I'll tell you why.....they are not HYPED and they already
have earnings, therefore REAL WORLD valuations apply.....as long as AMZN loses money, the
HYPE machine goes on touting how much money AMZN MIGHT make.....what a joke, if you have
no earnings you can speculate to the moon and gullible people are always easily found to believe
it.....AMZN will be in the history books as one of the most hype inflated issues of the decade......after
it falls to 5 bucks it will be one of the most studied models in Business schools for years to
come....mark my words........;^) |
