CNBC -- critique. Message Board

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Pastimes : CNBC -- critique.

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To: Thomas G. Busillo who wrote (2455)	3/30/1999 1:36:00 AM
From: Chuzzlewit	Read Replies (1) of 17683

Thomas, today I did something that I have never done before. I e-mailed a complaint to CNBC concerning the Braverman interview. The following is the text: I just saw Alan Braverman and I was quite dismayed by his disingenuous answers. He would have viewers believe that there is no relationship between between his stock ratings, and his investment bank's relationship with clients. I have analyzed Amazon.com thoroughly and have come to several conclusions which I think are pertinent. First, the company has very poor operational cash flow -- only about $17MM if you strip interest income from the statement. Second, if you look at the company on an EBITDA it is nothing short of horrible. In fact, the only things propping this company up are its ability to generate funds through rapid growth of A/P, and its stock price. These considerations lead me to believe that as soon as this company stops growing it will fall apart like a Ponzzi scheme. In point of fact, the positive cash flow that the company experienced was largely due to the issuance of additional debt and the sale of stock. But Mr. Braverman did not deal with any of these issues, nor did your panel ask these questions. TTFN, CTC

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