Your right. We should use a more current figure like the average income over the past four quarters . That is .65 cents per share and it would only take 523 years to recover your investment. Can't you admit that AMZN is overpriced? Would you lose your job?
You are right about it being overpriced but wrong about it never being profitable. The average profit per year since inception is $1.68 per share and it will only take 200 years to realize your full investment if you invest today. How can you resist such a deal?
Amazon looked bankrupt the first four years in business and had a negative $4.00 book value at one time. It now has a book value of $23 per share. A gain of $27 in just 16 years. Let's see, at that rate the book value will equal the price of the shares in just 200 years (unless the price goes up). Those who were dumb enough to buy at $16 a share when it was clear AMZN was on it's way to bankruptcy are very wealthy now. Go figure!!
That is why I no longer subscribe to Forbes. That is just one of the kooky articles found there.
Although DTV makes just under 6% while AT&T makes just under 10% I think it will turn out to be a good acquisition because many of the DTV customers who are not now AT&T customers will be offered a combination they can't resist.
So far it has been good for the share price but the old "buy the rumor; sell the news" thing could kick in and cause a short term pull back.
It wouldn't be the first time that T has gone up over a dollar in one day but it is rare. If we get there in a week we will be doing well.
You and your son sound brilliant. No sense in paying for what you don't use. However, please don't teach others to live as you do or it will harm AT&T sales.
Sprint was already losing; now they will lose more. Both AT&T and Verizon will be bidding at the bankruptcy sale. Revenue last year was half as much as 2012 revenue.
Congratulations!!! Most everyone thought T was on the way to $40 when it went above $37. Now some think it will go to $34. I'm with you and buying at these bargain prices.
Don't hold your breath. NIHD is going down fast and I'm sure both Verizon and AT&T will attend the bankruptcy sale.