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

To: Alomex who wrote (141769)	4/22/2002 2:08:03 PM
From: H James Morris	Respond to of 164684

>>This is a big scam.<< Scam or no scam. You didn't answer my question. >>If so, please explain to me in one easy lesson, why Amzn gets to exclude expenses such as some $30 million in interest payments of debt in the next qtr??<< I'll give you a hint. It has something to do with preserving cash flow.

To: Alomex who wrote (141769)	4/23/2002 5:57:57 PM
From: Alomex	Respond to of 164684

A few days ago I wrote: Even the most bullish scenarios put forward for AMZN over the last year can hardly justify more than $5 per share. From today's earning release: For the full year, Amazon said it saw sales growing by more than 15 percent, with pro forma operating income of more than $100 million. Let's do the math. The pro-forma results call for a profit of $100 million. Let's give AMZN a generous 20x P/E ratio for a total market cap of $2 billion and what do we get? $5.45 per share using company provided pro-forma results that arbitrarily exclude some of the costs, just as I said before the release of earnings.