08-23-2012, 03:21 PM
Skelas Wrote:from 128 mil to 12 mill? INCOME? I don't even see how they can stay afloat, that is a crazy plunge.Well, net income, which I assume means "whatever is left after all expenses, including upgrades to infrastructure and expansion efforts". (Similarly, Netflix has been showing a loss, I think, mainly because they're spending millions trying to expand into Europe.)
Part of why I like Amazon so much (and presumably why other investors are apparently crazy about them) is that they do keep up a pretty rapid but sensible line of expansion going on. Seems like every year, at least, there's something fairly new going on. Amazon Studios is still ramping up, for example, and they just recently released the first Amazon-built Droid game, if I read that correctly.
Not sure I can see Amazon buying Best Buy or having a store front... I would think that would be a significant distraction from their current model and would undermine their ability to keep having such good deals on merchandise.
They are starting a program where they have Amazon drop boxes, though. They seem to enjoy placing them at 7-11s. Instead of UPS delivering your package to you, they put it in a drop box at 7-11 and Amazon sends you the code to open it. This is the solution for people who can't be home for package pickup and don't want it left on their doorstep and don't want to drive out to UPS, which is always in the middle of fucking nowhere.
They don't have this running in Maryland yet but I see it in Virginia. I assume it's still in the trial phase.
I'm still out of Amazon stock. Last bought for 180, I think, and sold for like 220 or so. Following my rule of "take 20% and run". I keep waiting for a big pull back so I can get back in but they keep going up. $241 at the moment. I should'a stayed in!