Amazon.com, Inc. (AMZN) Message Board

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

AMZN 233.22

+1.8%

Nov 28 9:30 AM EST

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To: Glenn D. Rudolph who wrote (41081)	2/18/1999 11:46:00 PM
From: Don Westermeyer	Read Replies (1) of 164684

Mr. FOOL ON THE HILL is mostly right. This guy is evidently an Amazon bull. He really didn't spend much time on how 'at cost' selling will hurt Amazon just as much as anyone else. Even the 'winner' of a war can be left quite wiped out. I can just about guarantee that if a price war erupts the next time financing is needed the market will be a lot less generous than it has recently. Looks like those convertible bond holders are getting the big screw right now. I think Amazon's real object is to not earn any money, ever. Even if Amazon turns moderatly successful (lets say it makes $500 million more than it is right now for a profit of $1.50/share), it is still only a $30 stock by and real fundamental valuation.

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