To: H James Morris who wrote (102866 ) 5/7/2000 2:47:00 AM From: John Chen Read Replies (1) | Respond to of 164684
HJM,re:"Bezos...". Here is my thought: SomeOfThese Nuts reminds me of James Jones. ( ?Jones' town tragedy ). They all started out needing a job. They got a job they can handle. An honest and humble beginning and prospered in the right environment, they got support. James worked his way up (way way up to God's level) and we know the result. ( I believe there are still surviving people thinking he is god ) The Nuts worked their way up ( money-wise, now becomes visionary, revolutionist, helping other people becomes their only business ). With the latest 'mini-crash', now more people believe these are revolutionists since they survive. This is getting a little bit scary, the 'Cult' mentality flashing. Now, the e-tail-business, is it 'matured' yet? "Certain to survive", Thanks a lot, that's comfort to know. "Skipticism", Some people didn't go to Jone's town, either. "Anaylst...think...profit...2002". Excuse me! With all these free capital pumped in and they can only do it in 2002? Where did the money go? "They...view...only...survive". Excuse my improved linguistic skill. YYYY you. These are the guys selling IPOs left and right and this is the 'only-one to survive'! "Expanding internationally...". Story, story, that's all it is. "Added new stores ...". More NEW story. "sounds pretty good to him". don't want to touch this one, Bezos flashing his PR skill here. Bezos is a survivor all right, please stop it there. "elusive profit". Like WMT? PE=40.80 per Yahoo/today. That's scary, considering it won't happen (if it will happen) until 2002. What profit are they predicting? ========= Economic forcast from deemed reliable but ========= unidentifiable source PE(50) NewsFlashed 2002: .01 $.50 "beat WS estimate by 1 cent ... celebrate" 2003: .10 $5.0 "1000% profit vs ... celebrate" 2004: 1.0 $50.0 "2 years in a row, 1000% profit vs... WOW" PE(30) Wall street hates slowing growth 2005: 1.1 $33.0 "recessing final hit." PE(10) Wall street uncomfortable with economy 2006: 1.08 $10.8 "concern over quality of earning" 2007: 0.50 $5. "international competition... I want to be a reporter (news-maker) when I retire. BTW: WMT is 51 5/16 today. Earning: prior year: 1.25 this year: 1.44 (est. sucks, NOT 1000%, WS no celebrate ) next year: 1.66 (est. sucks, NOT 1000%, WS no celebrate ) 2002: Sorry, only NUTs have forcast of 'earning' that far ahead.