Glenn, I see now.
There are a lot of rumors that AMZN will buy EGGS.
With a full time job, it's difficult if not impossible to keep up on the 180+ posts on this thread during the mkt week, much less keep track of rumors. I personally think EGGS should stay away from Amazon.com. Btw, we might want to be careful of what we say re Amazon accounting practices -- unless there is some proof.
Re Amazon accounting for order fulfillment as marketing expenses -- if that is true, then that is certainly misleading, to say the least.
I'm so tired of hearing about Amazon being a "virtual" company, with, as one article stated, "virtually no buildings or overhead to speak of". What I'm wondering is, why was the same excitement/hype not generated for other so-called "virtual" companies who have "virtually" exactly the same business model, except they advertise via catalog and take orders over the phone? It's so stupid.
Land's End, Dell, Gateway, Cabellas, CDW, the list is long. And "virtually" all of the traditional mail-order companies have had web-site sales as well for quite some time.
Amazon gets some credit for being the most aggressive, being a pioneer, etc in selling books online, but it's certainly not like they still don't have a lot of the same ordinary expenses as 1,000s of other companies out there. I'm also sick and tired of so-called "analysts" trying to justify the ridiculous market cap. As if the current P/S ratio is simply going to remain at the same level for three years! These analysts and people like TMF may be fooling themselves, but in the fullness of time they will be shown what true fools they were. |
