Your so called financial analysis is just a bunch
of engineer's bull.
What is current value of
AMZN's stake in Drugstore.com? Homegrocer.com? (for
that, go and check value of Webvan's recenmt IPO) Are
you only talking about "facts" that suit you best?
Why don't you wake up old man?
Questioning Amazon is like saying the emporer has
no clothes around here. You're trying to convert the
choir, won't work here, but there is some truth to what
I've been involved in retail,
catalog, mail-order etc for many years..consumer goods,
toys, etc. I don't see Amazon or the other e-tailers as
fundamentally different than catalog...of course, it's much
more convenient and efficient. But, I see a huge
shake-out coming. There are too many e-sites doing the same
thing, and forced to spend heavily on advertising so
people know they're there.
The things that make
for success and failure in the old catalog sales
businesses are really the same now. Good presentation,
convenient ordering, INVENTORY (having good stuff on hand,
not having lots of bad stuff that must be written
down/off), efficient handling, order picking and delivery,
returns, bad debt.
Inventory is the great killer
of such companies...if you don't have what people
want on hand, they won't be back. And if you order a
ton of a hot licensed toys, and that line goes cold,
there's hell to pay financially.
I think Amazon is
the best of the best, but I worry that if they can't
make money selling books and CD's (probably the
easiest and lowest risk items to handle), what's going to
happen as a result broadening their product lines in
much more difficult and risky areas? Not to mention
all the competition coming in (seems like Amazon's
projections assumed a vacuum in e-commerce).
the emporer's clothes (or lack thereof) is becoming a
visible. And as for all the other e-tailers, look out
people are EASILY led into the fire with words of
For example, let's assume for the sake of argument
that jeffy decides to shift the expenses on all book
operations into the cd or video operations. This would
instantly make the book business profitable on
You would not imagine how many people would see that
and jump up and down and scream "see, I told you they
would be profitable"
In my opinion this is going
to happen this quarter. I smell it coming. It's just
my opinion so let's see if I'm right.
resources after it makes a new high in
For now all this talk is bullshit! AMZN closed above
81 1/2 and next resistance is not 84 like some
people claim it is 86 1/2.
Seeyah shorts at 100!