26
Oct
2011
Ball point pen on today's newsprint
Despite earning warnings, investors pushed Amazon to a new high this month. It turns out the warnings were justified. Amazon's earnings dipped in the third quarter, the stock fell by $25.00 in one day shaving $16 billion from it's market cap. Ouch.
2 Comments
That's surprising considering the new Kindle priced at $79. I think I will actually purchase the new Kindle Fire when it is released. Something tells me Amazon will be rebound in a couple of months.
Amazon in a great company. They were visionary about on-line retail and positioned themselves well with their proprietary e-reader. I agree with you VEe!