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


To: Glenn D. Rudolph who wrote (21368)10/13/1998 9:26:00 AM
From: llamaphlegm  Read Replies (1) | Respond to of 164684
 
Thank you Glenn "PBS" Rudolph -- had not seen it -- truly interesting article!!



To: Glenn D. Rudolph who wrote (21368)10/13/1998 9:42:00 AM
From: llamaphlegm  Read Replies (1) | Respond to of 164684
 
This is from YHOO board (so kindly to be taken with pillar of salt). Any independent (sane) confirmation of this???

Thanks,

LP

CNBC just had a very negative comment on AMZN, no they were not talking about competition, but the junk bonds
that were issued last May. They initially were offered at $61, currently they are trading at $28. They said that that was
very negative, because that is an indication that there is a financial problem with the company. Also even though on the
books AMZN has $6.00 cash per share, they have just as much debt, which is also a negative indicator. You have to
watch out for these figures. Get this, they projected target price of $46. Yes $46.00.



To: Glenn D. Rudolph who wrote (21368)10/13/1998 10:14:00 AM
From: SouthFloridaGuy  Respond to of 164684
 
Awesome post, rings very true. Credit Crunch will kill these highly leveraged companies.