What Analyst Don't Understand & Why AMZN will go Way Down
Most analysts live in gated building in Mahattan with a Doorman. Their delivery is seamless and protected. The other 99% of population has a truck that drives down street and drops package on porch or at front door. Out here on West Coast the crooks merely follow truck and steal packages. It is much easier than shoplifting. There is no security around and no cops to deal with for crooks. Stories are all over the news every night about Amazon package thefts. I stopped buying from Amazon (I used to spend over $1,000 a year @ Amazon). All my neighbors have also stopped. It is much safer to shop in a store. Also on returns it is much easier. In Christmas of 2011, I had to do returns of gifts I gave since people I gave to did not want to mess around returning items by mail or UP or FedX. This Christmas I merely gave them receipt to return to store - I will never buy at Amazon again. Amazon marketing plan is dead. Brick and mortar is now the new future. Get out of AMZN stock while you can. Go to Goole and look at chart of revenues - they dropped from 50% increase to 25% in 9 months! Christmas sales were awful. Sales tax increases are also killing AMZN - get out!