Amazon.com, Inc. (AMZN) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

AMZN 243.06

-0.7%

11:28 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Glenn D. Rudolph who wrote (57933)	5/22/1999 6:09:00 PM
From: Wayners	Read Replies (2) of 164685

I am doing some research into Wal-Mart's public beginnings in 1970 when they IPO'ed at $16.50. They did 2:1 stock splits in 1971, 1972, 1975, 1980, 1982, 1983 and more after that. Wal-Mart obtained 1.0B in sales 10 years later in 1980. In addition in 1980, Wal-Mart was only making a few pennies per share. I haven't found earnings numbers before 1980 yet. It would be interesting to discover that they were still losing money through the late 1970s. Wal-Mart's stock price moved up to the split non-adjusted amount of $150 to $200 in only a few years after going public. Just 100 shares at the beginning at $16.50 went to over 1M shares with splits at today's current $42. $1650 to $42M. There is nothing wrong with waiting until AMZN is making money before investing. It lowers a lot of risk but axes out a lot of potential reward also. Wall Street didn't really notice Wal-Mart until the early 1980's and those that got in then still made a lot of money. In my opinion AMZN is in the equivalent of the mid 1970's compared to Wal-Mart's stock history.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next