|Nice Scamazon hype piece by CNBC...yep, that's right, just query the perma-bulls on the stock...don't bother bringing up the fact that the company has no plans of being profitable anytime in the foreseeable future. And heaven forbid, don't talk to anyone who isn't involved in Bezos' latest scheme and sees through the B.S.|
How much money have they lost in the last 12 months? How much money do the perma-bull analysts project them to lose this Xmas? When will Kosmo.com come public? How much of a hickey did AMZN take when Living.com went tits up and Drugstore.com reneged on their payments to AMZN? I didn't catch that in CNBC's report. Pretty pathetic journalism.
And AMZN "a Christmas play?" Hmmm, can't remember the last time I gave someone a book for Xmas. Guess I'd better go load up on Borders and Barnes&Noble.com stock on Monday, since online book retailers are the way to play the Xmas retail season...gimme a break.