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


To: KeepItSimple who wrote (35306)1/18/1999 5:03:00 PM
From: trouthead  Respond to of 164684
 
KIS - I beleive you now qualify as the standard BEARer for the amzn thread. You come from a long line of distiguished believers in the ultiamte downfall of the Thing. Do you remember all the way back to your great great grandfather CandleStick? I do.

jb



To: KeepItSimple who wrote (35306)1/18/1999 5:16:00 PM
From: Goldbug Guru  Read Replies (1) | Respond to of 164684
 
KeEpiTSiMple, are you feeling all right?

nasdaq.com



To: KeepItSimple who wrote (35306)1/18/1999 6:23:00 PM
From: James Clarke  Read Replies (1) | Respond to of 164684
 
I like it. Good thinking. You can already see a lot of evidence that the Wall Street firms are scared to death - higher margin requirements for specific stocks, market makers running away from these things. That's a very good point - nobody is going to take the legal risk of doing an offering at this valuation. It makes so much sense to do one, but a Morgan Stanley is not going to let its reputation be tarnished by something so unethical. And of course, a smaller firm which would love to do the deal has got to worry about losing it all in a lawsuit. Beautiful.

Where do you think it trades post-bankruptcy? 300? 400?

JJC



To: KeepItSimple who wrote (35306)1/18/1999 6:59:00 PM
From: tonyt  Respond to of 164684
 
You are leaving out all other financing options, i.e. issuing more junk, issuing Convert's (convertible pfd, etc), bank financing.

Anyway, even if Amazon were to get into trouble, The Fed will just bail us out like they did with LTC :-)



To: KeepItSimple who wrote (35306)1/18/1999 7:43:00 PM
From: Glenn D. Rudolph  Respond to of 164684
 

Without a secondary and with $350 million plus in junk bond debt to service,
Amazon will be out of cash to finance its operations within a year or so. This is
why I believe they will be forced into a position that they will have to declare
bankruptcy.


KIS,

I agree with you but am not sure if they could pull off another junk bond offering instead.

Glenn