Amazon Stock Buyback…OY!
- Posted by Howard
- on February 8th, 2008
I love Bezos and I love Amazon, but I am not to sure about the buyback tactic.
Amazon is a great stock, but I doubt it is cheap by any true market standard.
The buybacks by retailers the last few years were some of the dumbest of all times. It speeds up your demise as you leverage yourself…to yourself!
I am surprised that the market loves it. The stock is up nicely. We are not in a growth phase right now so give ME that money in the form of a dividend or hoard it. Show me you care about your shareholders who believe in your growth. Don’t bet it at $73. Why were you not betting that money at $5?
Disclosure- Long Amazon
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Born in Toronto, lived in Phoenix for 20 years and now in Coronado, CA with a loyal wife (15 years, 14.2 Canadian years), two awesome kids and a dachshund. My current start-up is called Stocktwits and I am a co-founder and CEO. More »
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