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  • system_analyst_af system_analyst_af Jul 9, 2001 5:57 PM Flag

    Profits are coming

    from Rueters

    'After six years of losses, the company is hoping to post its first profits -- albeit excluding some costs such as interest payments on $2 billion in debt -- by the end of the year. '

    I can already here AMZN hoop ta la if they ever turn a profit. It will be a Pro Forma ('hocus pocus') party. Burried deep in a footnote will be the comments for all the excluded items and expenses like the little $2 Billion loan. I feel sorry for the bond holders, even though they will receive a fraction of their investment whereas the shareholders will not receive a penny if/when bk occurs.

    The sad thing is that Bezos is selling $20 Million worth of stock each quarter and he will continue to make a killing as long as Wall Street buys his insane rhetoric.

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