---OT---- on valuations...
edamo: I am looking at a Salamon Smith Barney Report on Amazon (dated 30-March-1999). This is before the most recent run-up.
I thought you would appreciate this:
<<According to our back of the envelope calculations, AMZN must generate nearly $40 billion in revenue by 2009, in order to support its current market cap. Clearly, to get to the $40 billion target, AMZN must venture beyond books, CDs, and videos. AMZN is dead set on being a destination shopping portal, and to achieve this goal, it needs to stretch its brand into new markets. The real risk of AMZN taking on the number 2 internet commerce vendor, eBay, is not financial risk, but market confidence risk.>>
These ANALysts crack me up. Doesn't DELL seem like the leading internet commerce vendor -- with over $15 million/day in PROFITABLE internet sales?? Just wait until DELL rolls out DELLauctions.com. They'll be even more of a .com company. Yet, we know how they execute -- efficiently and profitably.
For now I am very comfortable having DELL as my largest holding -- its priced like a value stock compared to some of these internuts <ggg>!!
Just some thoughts.
Regards,
Scott |
