SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?


To: CatLady who wrote (2088)3/10/1998 11:59:00 AM
From: cellhigh  Respond to of 164684
 
cat..i beg to differ..if you can realize a gain in 1 week why not!!



To: CatLady who wrote (2088)3/10/1998 12:22:00 PM
From: Candle stick  Respond to of 164684
 
A reminder about some of the competition: See it for yourself, they are all profitable companies........

barnesandnoble.com
booksonline.com
borders.com
acses.com
netmarket.com
cendant.com
virtual.bookshop.com
books.com
booknet.com
discountbooks.com

This is just a small sample, and demonstrates what a commodity item a book really is, and how many choices one has on the 'net.......They are all profitable companies, most with billions in sales....

AMZN now has a market cap of 2 billion with 140 million in sales, a loss for 1998 projected at $1.28 and no projected profits until Q3 1999 when analysts are estimating 2 cents if everything works out.

For comparison sake, Barnes and Noble has a very nice website, name recognition all over the country (they don't spend on TV ads either) a P/S of less than 1 (AMZN P/S of 13) sales of 2.7 billion and a market cap of 2.3 billion....

......what is it that AMZN buyers are buying anyway?..........;^)



To: CatLady who wrote (2088)3/10/1998 12:47:00 PM
From: Don Westermeyer  Respond to of 164684
 
Carl,

Single digits for AMZN is a bit severe, but IMO $20 is not out of the question.

FWIW - Back in on the short side today at about $85 (not many shares though).

Don



To: CatLady who wrote (2088)3/10/1998 1:02:00 PM
From: Don Westermeyer  Read Replies (3) | Respond to of 164684
 
Internet stocks got another 'plug' again on CNBC.

Bob Pissani (sp?) called investing in the stocks as 'internet maddness'.