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  • fredboy fredboy Jan 25, 1998 12:48 AM Flag

    Brazil Trip ???

    Just completed an anlysis of the AMZN year-end numbers.Their Long Term debt went from ZERO last quarter to $77 million at year-end. Their cash/Investments went up from $48mm to $124mm ($76mm !!) WHY WOULD AMZN BORROW $77 MILLION and just put the money in cash. We know the high rates they are paying, why not draw down their recent loan when they need it?? Last time I saw something like this the owners left for BRAZIL !! Good luck you longs. Glad I'm just a comfortable short-seller.

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