My VIEW of BAMM!!
I tend to agree with a gentlemen who posted earlier. I think the last 2-days downturn is simply profit taking. I mean, heck, after a stock goes up 10-fold, wouldn't you cash in? I would! Many people have learned the lesson that it is better to settle for a NICE profit than to get greedy and end up with nothing. IMO
Secondly, people are ranting and raving about how much more AMZN is worth than BAMM. First of all, AMZN is hardly worth anything. They do not even have a P/E or and EPS. BAMM has both. Another thing is, BAMM going on the Internet is not being a wannabe AMZN, they are EXPANDING their core business. If the Internet does not work for BAMM, they are not going out of business! If the INTERNET does not work for AMZN, they are up a creek (of course they have proven themselves already). Just remember, unlike other INTERNET stocks, BAMM is not just another .COM high-flyer. BAMM has been around and has much more value than the .COM's.
BAMM could just put one of its feet in the water with this new Internet site, be unsucessful and still walk away a winner, because they have their good ole core business that got them where they are today. For BAMM, again, this is just a step in the right direction for expansion. Obviously, the directors have their heads screwed on strait. People say that BAMM is just a wannabe AMZN, but if they did not try to get their fair share of the market, then they would be idiots and just turning away from billions of dollars. C'mon people, let's think logically. BAMM is doing right! Who wouldn't want to be involved in internet commerce?
Remember how Netscape beat Microsoft to the punch for Internet browser software, but Microsoft came back with a better product over time? Microsoft was the giant that was established (BAMM), Netscape(AMZN) was the newbie with a perfect product. But over time, MSFT took its fair share of the market!
The e-commerce is flourishing and is the business of the future.
Just the views of a young mind,
Matt |
