Re: has AMZN EVER made money? Have they made up their massive losses from th...
I am not saying they will disappear, just that the stock price will be much lower. Literally everyone I asked about what they think of amazon new tax here in TX. It was usually started with F--- amazon now. Not one person said they will still shop with amazon out of loyalty.
I can't remember one example of when a stock topped out where it wasn't nothing but bullishness even in the face of huge issues. That is the way the market works.
But, anyway, there will be people who still shop with them. But we both know a sales decline will hurt them. And we know sales will NOT INCREASE.
All states will tax them in the future. If I see you getting paid, I want my fair share too. States are no different.
Share This Post:
   
"Buy Fear and Sell Euphoria" "Price is the Ultimate EQUALIZER"
 Reply to adonis403 - Msg #2265769 - 05/02/2012 01:06
Re: has AMZN EVER made money? Have they made up their massive losses from th...
I don't know about the stores where you live, but i live in california (LA). everything here is expensive, so amazon is awesome, tax or no tax. and again, i LOVE the convenience of Prime.
as far as the 'ecosystem,' their tiny loss leader in the kindle fire, their latest report showed it was working. people were using it to buy stuff (came with free trial of prime), bought books/software and all sorts of stuff. they get a cut of it with low overhead. best buy is not going to die, but there's a reason amazon is killing them, whether there's tax in the state or not.
i'm not going to bother predicting the price of the stock other than 'trading' it, but amazon is here to stay IMO. they'll be a retail powerhouse no matter how many states try to tax them.
i think the 'average' person is like me.. they'd rather order with prime than drive even 2-3 miles to avoid crowds and salespeople. it's about convenience as much as it is about cost. |
| |
|
204.01
