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Amazon slumps after missing expectations (profit falls 73%!)
Reuters ^ | 10-25-11 | Staff

Posted on 10/25/2011 2:51:00 PM PDT by library user

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To: library user
Still at $194/share. Not too shabby.

Amazon is outstanding from my perspective.

21 posted on 10/25/2011 5:14:49 PM PDT by Loyal Buckeye
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To: Leroy S. Mort

“I’ve certainly done my part as a patriotic consumer. If I don’t see a big brown truck in my driveway at least once a week, I get pretty snippy.”

That sounds like my house recently!

I told them the other day I was helping them keep their jobs, they agreed.

I just can’t pass up all the great bargains on things I know I will use, especially when I can find a 20-30% off coupon code on top of the sale!


22 posted on 10/25/2011 5:29:07 PM PDT by kcvl
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To: library user

These days I even buy razor blades on Amazon. I always look for items with free shipping on orders over $25.


23 posted on 10/25/2011 5:41:24 PM PDT by TChad
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To: CanaGuy
I had a friend who worked at a large multi-national. He explained to me that when a corporation doesn't quite meet its "projected" profit targets, it is commonly called a "loss", as in "we lost a lot of money last year"; whereas, in actual fact, they made gobs of profit.

Here's the truth. "Independent" analysts are supposed to project a company's earnings (i.e. profits) per share but the truth is they call the company and say "c'mon, I know you're not allowed to tell anybody but you know me, we're buds! what are you guys thinking?" Then the company tells the analyst, who writes his report accordingly.

The issue comes if they don't meet those targets, for two reasons. First, they make the analyst and all the talking heads who parrot their advice look really dumb and that cannot be forgiven. Second, the number came from them! What do you mean you can't meet it?! Don't talk to me about the gobs of money you made, you said you'd make gobs of money plus a little more and you didn't! Don't you even know what's happening in your own company?! Holy smokes, I better sell!

So the stock gets punished.

24 posted on 10/25/2011 5:56:37 PM PDT by pepsi_junkie (Who is John Galt?)
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To: TChad

My daughter’s in college, so she set up her own Amazon account and got free Prime for a year. I occasionally ask her to order something if I want it quick or can’t find $25 worth of stuff.

I pretty much have a steady stream of items coming to my door. We received several items today, and I have two orders in process.


25 posted on 10/25/2011 5:57:17 PM PDT by CharlesWayneCT
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To: Leroy S. Mort

I bet you love to track those packages too!


26 posted on 10/25/2011 6:08:24 PM PDT by stayathomemom (Beware of kittens modifying your posts.)
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To: library user

States taxing internet sales?


27 posted on 10/25/2011 6:13:43 PM PDT by Betis70 (Bruins!)
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To: stayathomemom
I bet you love to track those packages too!

You bet! And I always check woot.com at 1 am Eastern and slickdeals.net at least four times a day. Three more weeks and I'll have all my Christmas shopping done.

28 posted on 10/25/2011 7:12:06 PM PDT by Leroy S. Mort (Stop me, before I shop again...)
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To: library user
I think shareholders are very fickle. They panic everytime the quarterly report falls short of expectations - even if the company still makes a bundle of money.

I have Amazon.com stock and plan to keep it for the long haul. I said 10 years ago they were going to be bigger than Wal-mart someday and they are still on track to do that.

29 posted on 10/25/2011 7:20:17 PM PDT by SamAdams76 (Herman Cain 2012)
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To: netmilsmom
I think they thought that everyone was going to jump onto Amazon Prime

Prime is a great shipping deal, but the video is fairly limited. There's too much competition from Netflix, Hulu, Crackle, Epix, and all the other online streaming video sites. There's only so much time to spend watching a small rectangular screen, while life goes on and bills stack up. Amazon should stick to what it's good at--things people want, shipped fast and free.

30 posted on 10/25/2011 7:32:16 PM PDT by giotto
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To: library user

Really hoping Amazon doesn’t go out of business, would be a disaster for me


31 posted on 10/26/2011 4:25:26 AM PDT by Mount Athos (A Giant luxury mega-mansion for Gore, a Government Green EcoShack made of poo for you)
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