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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (12510)	3/12/2001 10:11:39 PM
From: ajtj99	Respond to of 30051

And the way they are holding the payables increases their cash position.

To: ajtj99 who wrote (12510)	3/12/2001 10:15:47 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

Amazon is a case where the cash is due to debt (and their book value is negative and becoming negativier by the day<G>). I don't know if their bonds are worth anything, but they wish they could mark to market the bonds. You must admit however, that Bezo is the master swindler managing to sell to the European some $2 B in worthless paper at conversion rate to stock which, even if they survive, may not be seen for many many years. On this thread AMZN has been a favorite short for a long time. Zeev