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.
Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: LauA who wrote (5763)1/13/1999 2:38:00 PM
From: Michael Burry  Read Replies (3) | Respond to of 78644
 
The ever present risk is that the company will use cheap stock to buy real companies.

I've thought of that. Amazon.com, for being such a crummy business,
has an amazing amount of spending power in its immensely inflated
shares. It could do 10 $1 billion dollar stock acquisitions of real
companies that needed to earn their way to $1 billion market cap,
and AMZN stock would hardly suffer. It's added $10 billion in
market cap in just the last few weeks. No sweat. If Amazon started
to do that, or did a second offering at these prices, I'd have
to cover. But as I understand it Bezos is trying to stay close
to home and be a retailer, keep doing what he's doing. So be it,
and I'll short it.

Mike



To: LauA who wrote (5763)1/13/1999 2:45:00 PM
From: peter michaelson  Respond to of 78644
 
I better open an account at CIBC if the tellers are this smart! And they are able to withstand such losses, too.

Thanks for the note, LauA, I just learned the same re AMZN. Ugh.

Peter


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News