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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 233.22+1.8%Nov 28 9:30 AM EST
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To: greenspirit who wrote (3412)4/25/1998 11:14:00 PM
From: Skeeter Bug  Read Replies (1) of 164684
 
mike, i am extremely bearish on amzn at current valuations. i don't see amzn going out of business. i do see them making very little money.

the hsn isn't asn exact parallel and you pointed out a difference or two that worked in amzn's favor. i'd like to point out some other differences. hsn doesn't have 28 competitors easily accessible on the web. hsn doesn't have easily accessible competitors that offer 5% discounts off of amzn's lowest price.

as companies see the internet as pie in the sky they will flock to it. amzn was first. now their are 30+ next year will there be 60? 100? 200? amzn's competitive advantage is accessable to all. it can be copied. and it will. their advantage may be nice now. in a year it wont be noticeable (sp?).

as amzn's price goes higher, so will the number of competitors. the best thing for amzn would be a small price as then the competition won't flock to amzn's niche.

usually competitors enter a market based on profitability. not so. the cut throat competition is here and amzn is losing money.

nice concept. nice execution. little or no profits going forward. lots of competition. insane stock price.

btw, i might check out amzn to find those hard to locate books that are 1% of my purchases. not much profit in that...
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