osbb
07-31-2006, 07:50 PM
What do you guys think of Cramer's analysis of Amazon?
I happen to agree with him that just because it has dropped huge doesn't mean its a good buy (although in the past he loves to talk about how a dropping price means the stock is CHEAPER).
Amazon seems to be reaching for new ideas outside of its core competency, but I don't see how it will be able to leverage its existing business for things like video and be profitable, when they are going to no doubt face competition from the likes of Apple and others.
It might not be over for Amazon, but until they figure things out, I think Cramers right on.
I happen to agree with him that just because it has dropped huge doesn't mean its a good buy (although in the past he loves to talk about how a dropping price means the stock is CHEAPER).
Amazon seems to be reaching for new ideas outside of its core competency, but I don't see how it will be able to leverage its existing business for things like video and be profitable, when they are going to no doubt face competition from the likes of Apple and others.
It might not be over for Amazon, but until they figure things out, I think Cramers right on.