LongAAPL

Amazon: King of the Retailers - Barron's

Right on! Right On!!
Excellent and timely analysis. Leftfield is worth reading.


On Mar 28 05:56 PM Leftfield wrote:

> Amazon has done an amazing job since a near-death experience at the
> dot-com boom. There they had made the mistake of financing via bonds
> rather than issuing stock and they were really on the hook.
>
> Great execution and decisions since. I have the misfortune of doing
> lots of my business on Ebay and they wish they could somehow copy
> Amazon. So, they have eradicated countless small sellers and thereby
> lost buyers as many do both, favoring large purveyors of Chinese
> dreck.
>
> Jeff Bezos is the founder of Amazon. He deserves the rewards he
> gets. Ed Donohoe (Ebay) is a typical MBA manager milking a company
> for hoped-for short-term gains for himself. Arrogantly pursuing
> stupid policies with his unwise use of power. Calling small sellers,
> "noise."
>
> Ebay is going the opposite direction of Amazon because Donohoe didn't
> recognize Ebay's unique model and strengths. He is doing damage
> to the company and many others livlihoods until a compliant board
> wakes up. Small sellers could be raising needed cash selling to
> strapped buyers needing to save.
>
> This illustrates what's gone wrong with American business. You can't
> justify paying obscene compensation to management that is just hired
> hands. They, unlike a founder who has his all invested, are just
> playing with other people's money.
>
> The results in the entire economy are now evident: Obscenely paid
> management takes risks and plays games with OPM to satisfy its greed
> and eventually gain enough power to bring everything down.

Legal Music Downloads Catching Up to P2P

It must be all the new Zune Users!