To: Charlie J who wrote (12883 ) 8/8/1998 1:03:00 PM From: zax Read Replies (1) | Respond to
This statement seems to imply that if you buy shares of public companies, you can be helping them. But, unless you: 1) buy shares and invest in a company while it is still private, or 2) buy shares in an IPO offering, then the money from purchasing stocks does not go to the company, it simply goes to the person who had previously purchased the shares. temporarily absurd valuation of their stock. I would suggest to you that purchasing a stock is in a large part loaning money to a company, especially one that is using this stock value to make acquisitions that otherwise would have been impossible, or highly debt burdensome. Perhaps you should get a little "social responsibility" into your investment practices. It really helps one sleep better at night.It's not a zero-sum game you simply don't understand. In fact, it is a negative sum game . We'll call it zero sum based upon the recently downgraded earnings estimates. The stock price AMZN will have in six months, one year, two years, or three years from now, will merely reflect the number of investors in the company, as there will be no profits, no earnings, and no dividends. More specifically, it will only be a reflection of how many suckers are still left on the boat. Based upon current earnings projections, this pig on steroids should be worth no more than $5 a share.
