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

To: Glenn D. Rudolph who wrote (59204)	5/30/1999 1:49:00 PM
From: H James Morris	Read Replies (1) \| Respond to of 164684

Glenn, I know that you love books and value too. I also know that you won't by books from Amzn, I just don't understand why?<g> So if you like books,Value and growth this is a stock you can trust. >>Advanced Marketing Services, which distributes books to warehouse clubs, has achieved an important goal: Book returns from customers are down to 20 percent, while the industry average is closer to 30 percent, says David N. Allen of Granite Financial Group. Advanced Marketing achieved 34 percent growth in earnings per share in the fourth quarter while sales rose 15 percent. For the full year fiscal 1999, the company reported earnings per share of $1.43, up from $1.07 a year earlier. For fiscal 2000, Allen is looking for $1.62. Over the next two years, the company can achieve a return on equity of 18 percent, Allen says, adding that earnings per share should rise at 12 percent a year for three years. "Amazon.com's discounting of best sellers by 50 percent still leaves their prices above those of Advanced Marketing after shipping costs and handling charges are factored in," Allen says. Of course, Advanced Marketing is a wholesaler. Although small-capitalization stocks are still struggling, Allen has a long-term buy rating on the stock.<< I bought a lot of Adms @11. This would not attract Amzn longs. It's one of those lousy stocks that make profits and even has a small dividend yield. How come only Bezo can't make a profit selling books?? The above can!!

To: Glenn D. Rudolph who wrote (59204)	5/30/1999 2:58:00 PM
From: Wizard	Read Replies (2) \| Respond to of 164684

>>The growth in core book sales as a percentage is slowing. That statement was not incorrect. That wasn't my point. First, it is just naive to say deccelerating growth when looking at estimates. Estimates by any reputable company are always projected to deccelerate. Nobody builds growth expectations at current rates, it doesn't do anyone any good. So growth slowed to 260% in 1998 and will be below that rate in 1999. And...? How do you think Wal-Marts best product line does 3rd year after initial release? Growth slows. It deccelerates. Yes this is a fact but is 260% growth going to a PROJECTED 90% (it will very likely be triple-digits) really a good fact to discuss for a cover story for Barrons? I am just surprised Barrons didn't use its traditional trick of valuing the company based on trailing 12 month sales. And realtive to Barnes & Nobles brick-and-mortar business. Wouldn't have surprised me. They did the same thing to AOL for years.