| Even though the market staged a rally yesterday, Amazon.com (AMZN)
remained sunk -- ending the day off 12-3/16 at 69-3/4. Volume was 38
million shares.
The big concern for investor: Simply put, Amazon.com may never make any
money. After all, since the founding, the company has lost over half a
billion dollars.
Or, perhaps the danger sign was when the CEO, Jeff Bezos, was named Time
Person of the Year. Isn't that when there is no more room on the upside?
Publications - AHS TAG - September/October 2006 Book Reviews::
You can then order the book directly from Amazon.com by clicking on "Buy this The allure of the Christmas rose and the remarkable availability of the
http://www.ahs.org/publications/the_american_gardener/06/0609/reviews.htmHOME |
Well, the company keeps selling books -- as well as many other products,
such as CDs, toys, home electronics and so on. Yesterday, the company
announced that fourth-quarter sales were $650 million, which was up from
$253 million in the same quarter last year. To put this into perspective,
Amazon.com had $610 million in sales for all of 1998.
CNN Transcript - Moneyline News Hour: Blue Chips Soar Amid More ::
Plus, a blue Christmas for one cyber-Santa, as eToys warns that sales have taken a . The news also dragged shares of Amazon.com down to a two-year low.
http://transcripts.cnn.com/TRANSCRIPTS/0012/18/mlld.00.htmlHOME |
There were other important results. Media Metrix ranked Amazon.com the top
e-commerce site (from November 22 to December 26) in terms of traffic.
Also, more than 99 percent of orders met the holiday deadlines (there were 20
million items shipped).
Despite the recent slump in the stock and negative comments from analysts,
I think Amazon.com is a strong bet. The company is rapidly becoming the
e-commerce vortex -- capturing more and more of the money that is coursing
into the Net. What's more, Amazon.com is collecting valuable behavioral
information on its customers, which can be translated into better marketing
campaigns.
PR Newswire Web Site Directory for Dec. 31::
Shareholders http://www.norske-energy.com Sprint PCS(SM) Celebrates Pittsburgh's First Anniversary http://www.sprintpcs.com National Steel Redeems Series A
http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/12-31-97/386691&EDATE=HOME |
Buy NIKE, Inc. Stock Here - It's Easy at GiveAshare.com::
Just Do It! Shareholders got a Lance Armstrong poster in 2004. Security Blanket Blue (Add $12.00), Im A Shareholder Booklet (Add $10.00). Gift Wrap
http://www.giftizedshare.com/eShop/10expand.asp?productcode=NKE-101HOME |
However, I would not be surprised if the stock continues to meander. The
company reports its earnings on February 2. As has been indicated by
management, Amazon.com has been investing large dollars in marketing and
distribution (in fact, yesterday the company announced there will be
charges for excess inventory). So, the financial reports will likely show
heavy red ink, which will probably further depress the stock price. But as
is typical with Net stocks, this will probably be overdone and give
investors an opportunity to purchase the company at a compelling valuation.
 Nortel Networks to Buy Promatory for $778 Million
 DoubleClick Creates Position to Focus on Hispanics |
