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Strategies & Market Trends : Value Investing

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To: Michael & B.Anne who wrote (6769)	4/16/1999 12:49:00 AM
From: Michael Burry	Read Replies (1) of 78748

are you saying borders has a natural advantage in that it makes money and amazon is destined to always lose money yes. and if amzn does make money, it won't be very much. If anything, that I openly bash Amazon's business economics while taking advantage of them by taking an additional 15-30% off their margins for every book I sell off the site (not that many buy there - it's just a convenience, really) is a validation that I'm not very biased here. And yes, when I think of all the analysts and investors that have been wrong from the start on Amazon.com, it does make me smile. And it doesn't matter how fast you turn inventory or don't carry inventory if you do it at as big a loss as Amazon does. Even Blodgett admits it is a gamble whether Amazon will EVER make money. I don't see any leverage there to raise prices. Mike

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