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Strategies & Market Trends : Value Investing
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To: Jurgis Bekepuris who wrote (5769)1/13/1999 9:55:00 PM
From: Michael Burry  Read Replies (2) of 78632
 
Jurgis,

No question that your points are valid re: rational
investors. But the point of my post was that Amazon.com
investors are paying so much more attention to $/share
than billions in market cap and dilution, that AMZN
could probably get away with illogical acquisitions and
massive dilution without hurting the stock. I don't
know that I believe this, but it certainly has been the
case.

Mike
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