October 22nd, 2008
Amazon: Experience The Excitement
Amazon follows Apple with solid financial results. Sales are up 31%. Net income 48%. Take that, investors who drove the stock down 24 cents to $49.99 today, in the wake of another big stock selloff.
But before you spend $49.95 on the Marpac SleepMate 980A Electro-Mechanical Sound Conditioner to overcome another sleepless night, here’s an alternative: listen to the Amazon earnings conference itself. It’s free. It’s even faster (and cheaper) than Amazon Prime.
The positive side: There’s no longer a question that Amazon can make a profit, just how much.
That, these days, should (or could) excite the market’s remaining investors.
Tom Steinert-Threlkeld is editor-in-chief of Securities Industry News, as well as a long-time media, technology and business journalist. See his full profile and disclosure of his industry affiliations.
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