NEW YORK (Real Money) -- Would it kill Amazon (AMZN) to answer one question with a helpful answer? Does the company have to endlessly stonewall and say that whatever question that is asked isn't relevant or isn't something they care about or monitor?
Last night's call was a stunning reflection of how little Amazon cares about the whole process of reporting results. First, the company reports its widest loss in two years, but makes it clear in the call that:
- It doesn't matter.
- It is a good thing anyway because they are spending and ramping and ramping and spending.
As my friend Arum Rubinson at Wolfe Research pointed out in a terrific note this morning, "The word 'invest' was mentioned 33 times" on the call and "the only thing missing is a clear sign that the investments are paying dividends."
Anazon Shares Plunge on Weak Earnings Geez, I focused on them when I had a lemonade stand with my mom at 1401 Cromwell Road in Wyndmoor. Nor did he even bother to suggest other than in passing that more people signed up for Amazon Prime this quarter than last year, despite the price increase. I remember when that was a worry factor.
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