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

To: Mama Bear who wrote (113368)	12/24/2000 11:49:45 AM
From: Glenn D. Rudolph	Respond to of 164684

Reality is catching up to AMZN. The reality is that it's a catalog company with a lot of debt and needs to be valued in line with that reality. Barb, Reality has not quite caught up. The stock price is far too high still. Heck, ETYS was able to get financing recently. I understand folks were lending money to Boston Chicken well after it became apparent that their model wasn't going to work. Apparently, some people do not understand fundamentals. That was clear in 1998, 1999 the early part of this year. The Amazon model was clearly not viable from the beginning. The problems now are exasperated. Amazon is a catlogue company with a lot of debt just as you stated. However, Amazon has far too many long term leased distribution centers. The debt can likely be handle with a lot of equity dilution. The "debt" on the leases cannot. You have a nice holiday too. Glenn