| Eugene David ...The One-Minute Pundit |
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Tuesday, December 01, 2009
AT THESE PRICES, AMAZON MAY STILL BE A BARGAIN!!!!! THIS IS A GROWTH STOCK IF EVER THERE WAS ONE!!!!!!!!!!
I still recall how biznews hacks refused to say an unkind word about high-tech stocks during THE BOOM. 10,000 P/E? Higher! Tiny float? Higher still! We recall what happened afterward. Amazon.com may be worth it now (although a potential $1 TRILLION market cap of THE BIG THREE makes one question the Wall Street Casino's sanity), but the Big C teaches us what happens to the news when its reporters are salesmen first.
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