if dell could make profit of its gigabuy site in 4 months according to barron newsletter how could amzn not make any cents and in fact amzn lost is widening... is this a sign of a stock becoming a dog..
There may be a run before q2 comes out, a software store opening or something like that, more stock price by press release. Us regulars know the way scamazon works. But most net companies are going profitable this year, in fact xcit, yhoo, amtd, mspg, aol, and others are already profitable. I don't think this building for the future crap will last much longer. And wmt's new site redesign which is imminent is the kiss of death in my opinion.
You will read posts about how b&n is not a competitor, because b&n are booksellers, and amzn is the 'wmt of the web.' Well, we all know what wmt did to its rivals, I don't see any difference with the web. WMT can use it conventional business to subsidise the ecommerce. WMT already has a network of warehouses amzn can only dream about.
For the record, at recent shareholders' meeting Bozo said he was aiming for long run profitablity. When pushed, he called the long run about 10 years. So Bozo think amzn will make money in about 2009.
Its your call, but do you really want to hold stock in a company that is valued @ 3x toys r us (toy), with no projection of profit for 10 years?
Somehow, I think this year will be the one when stock price by press release stops working....
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