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

To: Bill Harmond who wrote (43675)	3/3/1999 1:13:00 PM
From: Glenn D. Rudolph	Read Replies (3) \| Respond to of 164684

Leases are the same as debt. Even if Wal-Mart owned most of their stores, which I doubt, it's still a huge capital drain that Amazon doesn't suffer. William, First off Walmart does own 92% of their stores. Most of them ended up costing them nothing. They bought farmland at very low prices and saved typically 15 acres for a strip center along side. Once the Walmart store was established, they would sell the remaining 15 acres to a developer for the amount it cost Walmart for the land and their building. You may trust me on that because I tried to buy the adjacent 12 acres Walmart owned next to their superstore. Their real estate department was asking the cost they paid for the entire 75 acres and the cost of construction. I did not buy it but a developer did. Glenn