Quote:
Originally Posted by John F
Which company do you own shares in? Looking at Amzn, it looks like it has done well, I'm not sure where to look for the Publishers?
|
Yeah... the old Amazon makes no profit jibe...
Yet again.
Amazon makes tons of profit for their stockholders. They just deliver it as higher stock prices where the income manifests as capital gains instead of a cash hoard.
Amazon doesn't accumulate cash because they don't want to. (In fact, a couple years back they got a multibillion dollar line of credit they didn't need simply because the effective interest for them was less than zero.) Companies amass vast cash hoards when they don't have productive ways to spend it. Amazon, on the other hand, still has better uses for their money; growing revenue 24% every year.
As long as there is available growth and cheap money they'll keep on spending.
And they'll keep on growing as long as they keep spending.
Eventually it'll end but not soon.