confesses its risks

Zack Exley zee at
Thu Jan 6 07:07:12 PST 2000

But in Amazon's case, they're playing down the real maganatude of the the "risk". Did you see that stat on Amazon that said they'd have to sell more books than have ever been sold in the history of the world to get close to a market average p/e? They're best case profit margin is 7% or something close to that, according to their own projections.

> -----Original Message-----
> From: owner-lbo-talk at
> [mailto:owner-lbo-talk at]On Behalf Of Jordan Hayes
> Sent: Thursday, January 06, 2000 4:40 AM
> To: lbo-talk at
> Subject: Re: confesses its risks
> To be fair, these "risk statements" are written by the lawyers
> so that no one sues them for losing money. Lawyers suck.
> Microsoft & Intel, two of the most profitable companies
> around, have similar huge disclaimers about risk: people could
> stop using computers, somone could come out with a real operating
> system, etc.

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