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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: H James Morris who wrote (111163)	10/25/2000 11:35:45 AM
From: Robert Rose	Read Replies (3) \| Respond to of 164687

re: Covey, et. al. Amazon really seems to grind 'em up and spit 'em out!

To: H James Morris who wrote (111163)	10/25/2000 1:20:09 PM
From: Glenn D. Rudolph	Respond to of 164687

That's because AMZN reports using EBIDTA, which Ms Covey invented. If they were reporting using General accepted accounting principles (GAAP) even an idiot could figure those #'s out in less than 5 minutes. This is true although even with GAAP the inventory change is not "normal." I can't tell how they value their inventory. Lower of cost or market, FIFO, etc. By the way, I still believe Joy was the best paid accountant I have ever seen. I pay my accountant less. "Trust me on that" <VVBG> Glenn