Like some of you already know, AMZN is just a mediocre company with an unjustified market cap.
Brett,
The market cap is unjustified (AMZN lost over $101,000 every day this past quarter, day after day, including Saturdays and Sundays). But, even though I am short based on this and other reasons, I still think it is a trendsetter in its industry, so it's better than mediocre. However, being a trendsetter will help little while it battles BKS, BGP and Bertelsmann.
Gary Korn
P.S. Had this been a leap year, AMZN would have lost an additional 1/2 cent per share this quarter.
P.P.S. On average this quarter, AMZN has gained $7,900,000 in market cap each and every day (including Saturdays, Sundays and other non-trading days), even while it suffered losses of over $101,000 every day of the week. |
