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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 230.12

+1.8%

1:52 PM EST

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To: Oeconomicus who wrote (4854)	5/30/1998 8:21:00 AM
From: Glenn D. Rudolph	Read Replies (1) of 164684

From Motley Fool: Subject: NEGATIVE EQUITY.... Date: Fri, May 29, 1998 10:10 PM From: CanStic Message-id: <1998053002105400.WAA02233@ladder03.news.aol.com> messages.yahoo.com@m2.yahoo.com Yahoo! AMZN Congratulations to AMZN longs! AMZNbear (37/M/Texas) May 29 1998 4:13PM EDT Based on my crude calculations, you own a stock that by June 18th will have a per share equity value of ZERO.. Here are some numbers to consider: 1) S/H equity was $19.827 million (a/o 3/31/98) 2) Shares outstanding were 23.311 million (a/o 3/31/98) 3) BA/RS just adjusted loss forecast for Q2-98 to -$0.98 per share 4) Based on 23.311 mil shares outstanding, they should lose about $22.845 mil this quarter. 5) Based on #4, losses are running at $253,833 PER DAY in Q2-98 6) At the loss rate of $253,833 per day, all 19.827 mil in equity should be ERASED by the 78th day of the quarter. 7) The magical 78th day falls about June 18th. By then, the per share equity value should be NEGATIVE and falling fast.. Based on BA/RS's own figures, AMZN should lose a total of $5.01 MORE per share in the 21 months from 4/98-12/99, giving them a NEGATIVE PER SHARE EQUITY VALUE OF ABOUT $4.16 BY 12/31/99.This amazingly bright financial forecast certainly warrants an upgrade to a BUY in my book. How about you? Kinda' makes you wonder exactly what you are getting for your $88 per share.... Sounds to me like a classic pump and dump plan on the part of the major underwriters. How can they sell this fantasy to their clients with a straight face (as they allow the big players to exit before the impending collapse)? Just shows that the analysts have been reduced to financial whores.What a disgrace to the profession...

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