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Strategies & Market Trends : Roger's 1997 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (6368)	11/2/1997 1:08:00 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 9285

Brian, AMZN has annualized sales of about $200 MM and they require very little working capital (I looked at their recent 10Q and with sales of $48 MM they had zip receivable, the power of the internet trade). If we go into a major correction as I expect, yes the stocl could and should falter, but I think you can find companies that have a real chance of failing due to cash shortage, AMZN might not be one of them. They are the architects of using "other people money" to run their business. No inventories, large payables and no receivables. What a country. They could reach sales rate of $500 MM within a year and then a capitalization of 3 times sales might not look that outrageous. Zeev