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Amazon.com, Inc. Message Board

  • techstrategy techstrategy Apr 25, 2013 6:06 PM Flag

    If not for the debt offering in Q4, Amazon would be in a precarious cash position...

    But, it could easily find itself there from any macro slowdown. Current assets exceed current liabilities by about $2B, just as in 2012. Of course, Amazon added $3B in debt and the office complex was only half of that total. So, it is still burning cash and levering up.

    Did I hear the CFO properly that days payable increased to about 68 from 62 last year? That's the kind of thing businesses day when they are under stress...

    Depleting cash while levering up, extending days payable while the cost structure is not improving. All good things...

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    • The debt offering not only delayed the cash cruch a little longer it furthered the scam, as the investment banks clamored for AMZN big business and ordered their sell-side and trading desks to pump like crazy to win the business. I have marketed debt offerings before, and new leverage is the best way to inflate your stock and provide cover for a company while the business is havign issues.

      Couple that with the working capital financial mgt .. and you have quite the pump.

 
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