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


To: TechMeister who wrote (23468)10/28/1998 6:30:00 PM
From: Glenn D. Rudolph  Read Replies (3) | Respond to of 164684
 

Who is paying a PE multiple of +infinity for this loss making company. Its beyond my
comprehension. When is this company supposed to make profits? In 2005 or
something??Geez.


Tech,

There are no years in which AMZN is project to make money anymore. It use to be the year 2000 then 2001. No longer. Joe Kernan (sp) on CNBC was just talking about the results of AMZN and stated that everyone said they were good so they must be good. He just could not understand a company with this much loss trading in the 117s. In either case, since everyone says it is good, it must be good:-)

Glenn