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  • techstrategy techstrategy Jan 16, 2013 9:28 PM Flag

    why is Seeking Alpha ganging up on AMZN?

    Because there are a few of us who still believe the proper role of the market is to allocate capital to productive companies and not just transaction scalping (which is just a tax to benefit a few and recudes the effective capital transmitted to productive enterprises).

    Amazon should be a co-op like REI. That would be consistent with its business model... But, it is supposedly a $123B company which is engaged in some of the most profound malinvestment of all time (I liked the suicide bomber analogy on the Ycharts article).

    Those seeking Alpha authors have done real, critical but fundamental analysis that WS should be doing. You should thank them for opening your eyes to the massive disconnect between the claimed reason for lack of profits and the real one.

    If any of you are forensic accountants, I could use some help finishing my case against this company. I want to get a much clearer view of the impact of off balance sheet commitments (operating leases) and potential tax liabilities by all entities (state, federal and international) and it just isn't in my wheelhouse.

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