Glenn, I know that you love books and value too. I also know that you won't by books from Amzn, I just don't understand why?<g>
So if you like books,Value and growth this is a stock you can trust.
>>Advanced Marketing Services, which distributes books to warehouse clubs, has achieved an important goal: Book returns from customers are down to 20 percent, while the industry average is closer to 30 percent, says David N. Allen of Granite Financial Group.
Advanced Marketing achieved 34 percent growth in earnings per share in the fourth quarter while sales rose 15 percent.
For the full year fiscal 1999, the company reported earnings per share of $1.43, up from $1.07 a year earlier. For fiscal 2000, Allen is looking for $1.62.
Over the next two years, the company can achieve a return on equity of 18 percent, Allen says, adding that earnings per share should rise at 12 percent a year for three years.
"Amazon.com's discounting of best sellers by 50 percent still leaves their prices above those of Advanced Marketing after shipping costs and handling charges are factored in," Allen says. Of course, Advanced Marketing is a wholesaler.
Although small-capitalization stocks are still struggling, Allen has a long-term buy rating on the stock.<<
I bought a lot of Adms @11. This would not attract Amzn longs. It's one of those lousy stocks that make profits and even has a small dividend yield.
How come only Bezo can't make a profit selling books?? The above can!!
|
