Overestimating, underestimating, surely they don't really have a clue about 2000-2001. They keep revising their 1998 estimates downward and then reiterate their buy recs. Perhaps that's just so the company can "beat the street" or, perhaps, the business model simply does not work. Either way, they will continue to lose money at least until 2000. After that, perhaps they'll be selling washing machines as well as books. It really doesn't matter, 'cause bear markets are not kind to broken, overvalued, money losing, leveraged, mo mo stocks with disfunctional business models.
Bill, enjoy your riches. Spend some t-bill interest on yourself until the market really bottoms, then, if you must, you will be able to buy 5 times as much AMZN for the same cash.
Regards,
Bob |
