Bearmove, EBAY maybe, but, AMZN definitely not. AMZN wants to be a wholesaler to the public. AMZN will never be able to have the pricing power it needs to attract higher margins which will needed to justify higher stock prices. Once the states get their collective act together in collecting sales taxes, AMZN will have one less competitive advantage. Although AMZN has a slightly better business plan than Webvan, Like webvan I don't see AMZN's method for distributing goods as that much more efficient that they will be able to attract more and more consumers over time. I think AMZN's debt level will eventually get the best of them. I think you have to ask yourself why AMZN continues to see the need to offer free shipping. Until they can pass on the shipping charges to the consumer, and the consumer is more than willing to pay, I think AMZN profitablity and growth prospects are very limited.
UBET looks good. UBET and EBAY do it best by just taking a small commission off of every hit. AMZN's business plan would be better it it was more like that but AMZN has too much brick and mortar behind it. If they changed I don't see where they could attract enough revenues to service their debt. I think AMZN had a good idea but screwed it up, much like AOL.
Joe
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