Amazon.com, Inc. (AMZN) Message Board

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

AMZN 226.10

+2.5%

Nov 24 3:59 PM EST

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To: Glenn D. Rudolph who wrote (23702)	10/29/1998 1:09:00 PM
From: Don Westermeyer	Read Replies (1) of 164684

Actually, they do. They need people to stock the bins, pull the orders, pack the boxes and ship the orders. Lots of labor. In that case it will even be even a lot longer before AMZN can produce enough profit to support the current market cap. At the current price it'll take them 10+ years just to bring the P/E down below 50. And some would claim that is 2X too high for any retailer. FWIW - I have no position in AMZN right now. I'll probably try to short it after Q4 earnings though or if they do a big secondary sometime. I doubt I could get shares borrowed now if I tried. I do think AMZN is a fine company though - just grossly overvalued.

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