Why Amazon Is Borrowing $3 Billion http://www.businessinsider.com/why-amazon-is-borrowing-3-billion-2012-11/comments en-us Wed, 31 Dec 1969 19:00:00 -0500 Mon, 29 Dec 2014 04:06:45 -0500 Owen Thomas http://www.businessinsider.com/c/50b4b3126bb3f7c07d000014 Alberto Tue, 27 Nov 2012 07:33:22 -0500 http://www.businessinsider.com/c/50b4b3126bb3f7c07d000014 You should stop seeking happiness in material things. http://www.businessinsider.com/c/50b46e8d6bb3f79b7900000f Tim Woods Tue, 27 Nov 2012 02:41:01 -0500 http://www.businessinsider.com/c/50b46e8d6bb3f79b7900000f Maybe they should use some of that money to hire some customer service people here in the US. Their tech support arm in the Philippines is by far one of the worst I have had to deal with. Case in point, I got a gift card to send a friend and it failed to render properly - I asked them to help me fix it. They couldn't do it. I kept saying there needs to be a way to do it and they continued to say no. I demanded to speak to a supervisor and explained the situation to that person and she was not useful either. Eventually I said that's fine, I'll accept it as is. Four hours later, after I gave the gift card to my friend, I get an email saying that they cancelled my gift card. I called them up asking them why they did that and to un-cancel it - they said they couldn't do it, but if I wanted, I could resend another one... It used to be that you offshored tech support because you wanted good service relatively cheap. Now you have a bunch of assholes on the line who refuse to help you and they want to be paid well to do it. Same goes with India -- the way I see it is that if we need to pay a living wage, I would rather pay that money to some person here in the US and let those jackasses starve. They don't seem to care about the money, so why should we keep giving it to them? Boooo Amazon! http://www.businessinsider.com/c/50b453b66bb3f7335100000a Alex Wierbinski Tue, 27 Nov 2012 00:46:30 -0500 http://www.businessinsider.com/c/50b453b66bb3f7335100000a Everyone is addicted to cheap money. All that stuff is just FIAT debt based garbage http://www.businessinsider.com/c/50b43be4eab8ea3f5800003a Moe Skoshi Mon, 26 Nov 2012 23:04:52 -0500 http://www.businessinsider.com/c/50b43be4eab8ea3f5800003a I find it rather interesting how Amazon is going to borrow $3 billion dollars to further its business and the P/E of the company is already 3200. Amazon's share price has been steadily rising. On the other hand, Apple is holding about $124 billion in reserve cash with no need to borrow a penny and yet its share price has been falling. Apple could probably purchase any number of companies to compete against Amazon such as streaming services or cloud services, but doesn't even bother to take the wind out of Amazon's sails. What's funny is that while Apple is considered a company with a short future, Amazon is said to have such a bright future. I would think that Apple has the upper hand of being a long-lived company, but Wall Street must see it a lot differently. I'd think that a company with a $124 billion in cash would be able to reinvent itself in any number of ways through an acquisition or two. After all, most companies' total market cap don't equal Apple's cash reserve amount. Wall Street's view of Apple's longevity seems short-sighted at best. http://www.businessinsider.com/c/50b41ba0eab8eaab1500000c Market Mayhem Mon, 26 Nov 2012 20:47:12 -0500 http://www.businessinsider.com/c/50b41ba0eab8eaab1500000c I'm an Amazon Prime member and I constantly use Amazon to buy nearly everything and I watch their Instant Videos on my Roku, but I still think the share price is quite a bit higher than it should be. Lowballing everyone doesn't mean they have a good financial model on their hands. It probably isn't sustainable over the long-term. I think Amazon offers a great and reasonable service to users, but the company is losing money. The prices are decent, but for me it's just the convenience of not having to go out to shop. Even if I had to pay more, I could still afford to use Amazon and would. Bezos shouldn't have to overextend the company's finances to the degree he is. It just seems like bad business practice despite him being voted Businessperson of the Year. http://www.businessinsider.com/c/50b3ea1c6bb3f76d0800002b daman Mon, 26 Nov 2012 17:15:56 -0500 http://www.businessinsider.com/c/50b3ea1c6bb3f76d0800002b With AMZN trading at 2700 times past earnings.... 100 times future earnings (If everything goes right)... what could possibly go wrong? http://www.businessinsider.com/c/50b3e62becad04551a00002f Vafer Mon, 26 Nov 2012 16:59:07 -0500 http://www.businessinsider.com/c/50b3e62becad04551a00002f or they may be getting ready to buy Netflix for about $8B? :) http://www.businessinsider.com/c/50b3e245eab8ea420d00003b The Squeaky Wheel Mon, 26 Nov 2012 16:42:29 -0500 http://www.businessinsider.com/c/50b3e245eab8ea420d00003b Failed model? I spend about $300.00 a month with Amazon. http://www.businessinsider.com/c/50b3df756bb3f75c75000015 Sashe Mon, 26 Nov 2012 16:30:29 -0500 http://www.businessinsider.com/c/50b3df756bb3f75c75000015 Amazon is a failed model the sooner we put this useless company to rest the better it is. I guess it's about time analyst bozos wake up to the bozos scam. http://www.businessinsider.com/c/50b3d85f69bedd8d7600003a junk science Mon, 26 Nov 2012 16:00:15 -0500 http://www.businessinsider.com/c/50b3d85f69bedd8d7600003a yawn. most corporations take on debt when its this cheap, even when they have mountains of their own cash...which is usually well-invested and not worth liquidating http://www.businessinsider.com/c/50b3d700eab8ea117100003a km4 Mon, 26 Nov 2012 15:54:24 -0500 http://www.businessinsider.com/c/50b3d700eab8ea117100003a The Ben Bernank is Santa and Timmay is his #1 elf