Amazons current assets as of 9/30/08 were $1.3b more than its current liabilities. That shows that Amazon has plenty of liquidity to fund operations. It has only $400 million of L-T debt which is down from 1.3b as of 12/31/07. They have taken 900 million off their balance sheet in 9 months. At this rate Amazon will be debt free by the first quarter of 09.
A debt free company with miniscule fixed cost, generating 1.5b in annual cash flow. WOW! What's not too like.
"That tells me your either a real idiot or dumb. I think its a combo of the two - A dumb idiot!"
Hmm, guess who the real idiot is:
Some of them were deleted, so here are a couple of choice excerpts:
"Re: Extremely Dangerous - WM
What a bunch of hog-wash! None of these banks are going to fail. If any of them get in deep doo-doo the fed is going to step up and cut rates, provide liquidity... "
"Re: Cramer make up your mind!
Like I said in response to the prior post, I love WAMU here with a yield north of 6%. I wish I had the cash to buy it right now. This is not strickly a mortgage lender. They have a high quality portfolio of business..."
"It&&39;s not too late to Buy!
Forget the shorts! Why do you think they are called "shorts"? They aren't investors! They want investors (longs) to panic when wall street... "
How'd that "investment" work out for you?
I've gotten rich off shorting AMZN, you retard. And I will continue to because it's a shitty retail stock in a depression.
And you will continue to be the idiot bag holder.
You're posts are now old and boring. Consistently calling people dumb when you've been pumping this stock since it was well above $70. You have been wrong with everything you have posted. When Yahoo is trading at $2.00 and they have to start their next round of layoffs, then you will disappear. Your $10 an hour to stir the pot will no longer be worth it to them.
If you were rich you would have all your money in T-bills and the last thing you'd be doing is playing the market on the risky short side.
That tells me your either a real idiot or dumb. I think its a combo of the two - A dumb idiot!
Stupid trader?? Anyone not trading in this market should seriously ask why they aren't trading. We may never see volatility like this in our lifetime. That benefits one group of people, traders. It completely destroys the long-term investment model of many organizations and retirement planners, but so be it. My financial planner had a YTD return of -3% when I took my investments over in March. I'm up 313% YTD trading.
Sure I don't have the tax advantages of my money being in a 401(k), but it doesn't take a rocket scientist to figure out that I made a decision that changed my financial future.
Good luck, but don't look at traders as the evil guys, only the ones protect their family's future. We're not all scummy Wall Street suit and ties manipulating the market. Many of us are just average Joe's doing our research and capitalizing on this market.
Unfortunately buy and hold is pointless in this economy. AMZN isn't going anywhere for at least 6 months. I can buy in then for it's current price or less.
In the meantime, I'm going to make money in this market.
Well I quess we will find out about the "capital surplus" in the statement of retained earnings again after the annual audit but sense the Auditor gave them a clean opinion last year, I have to assume the valuation was not unreasonable, therefore you have no basis for your beef except ignorance.
In retail I care about low P/S and an increasingly positive free cash flow and frankly thats about all. Amazon scores on both. You can't look at P/E in this environment for a fast grower. look to PEG instead. I like what I see there also but I still stick to P/S and directional free cash flow as my metrics.
Anyone ever tell you that your language needs cleaning up?
Margins? So your saying they need higher margins? Think again!
If I'm a seller of a few very high priced products like supercomputers, then margins are definetly important but if I'm a seller of a lot of small products, like books, movies, some electronics, etc., then margins mean very little. In the former case a drop in margins would be very bad but in the latter, a drop in margins means very little.
I could care less about margins in Amazons case. They just don't matter much.