Amazon's Stock Price Is Benefiting From Irrational Exuberance
by Saibus Research
We were impressed with the fact that Amazon.com (AMZN) was able to overcome its early history as an overrated, overpriced dot-com and transform itself into the world's leading internet retailer. Amazon made mincemeat out of its detractors in the early part of the 2000-09 decade because it responded to the dot.com crisis by holding the line on its cash operating expenses in absolute dollar terms and maintaining double digit revenue growth- even during the depths of the 2001-2002 recession period. read more »
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