Amazon.com Inc. Message Board

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  • alphashort alphashort Dec 10, 2012 4:15 AM Flag

    Sold my shares today

    This stock and company are a joke. Wall Street has given Bozos a free pass for some inexplicable reason. AMZN has razor thin margins, no revenue growth or earnings growth and carries a MASSIVE P/E for this underwhelming performance. This will not last forever. They don't make any money selling Kindles and AAPL has taken a HUGE bite out of the 7" tablet market this quarter. Yes, some of the ipad mini buyers will cannibalize ipad buyers and some would have otherwise bought a kindle. These lost kindle buyers will most likely not ever step back down to an inferior product and ecosystem one they've had a taste of the AAPL experience. Survey's show they rarely do. So, things don't look too pretty for AMZN; especially with the sales tax issue starting to become a level playing field. No more showrooming. Too bad for AMZN.

 
AMZN
261.74-0.06(-0.02%)4:00 PMEDT