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RealMoney.com: James J. Cramer
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Bears Will Get Rarer in Amazon

By Jim Cramer
RealMoney.com Columnist

3/6/2002 1:31 PM EST
 

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No, I am not freaking out about the year-end departure of Warren Jenson, the fantastic CFO of Amazon (AMZN - commentary - Cramer's Take). Sure, I don't want him to leave. But he isn't leaving now. And he isn't leaving before the job of getting Amazon in financial shape is finished.

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I consider it a job well done. This man likes challenge. He is a fantastic CFO. He needs a new task, though. He is one of those guys who can now write his own ticket because he accomplished the impossible: He got a company that everyone said would never be profitable to make a profit.

In fact, I think the fact that he is going graciously and over time, after the crucial Christmas season, is fantastic for Amazon. I continue to think that this stock, after it does some refinancing, will be a very big stock for the next year or two.

Bears never want to hear that. But when it comes to Amazon, I think the bears will soon be an endangered species.

Random musings: Are you going to join me at the hedge fund conference in May? Click here to find out more. You will love it.







James J. Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column to jjcletters@thestreet.com.
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