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Blog containing my likes, dislikes, rants and raves.

Thursday, October 27, 2011

Henry Blodget on Amazon...A big thank you

http://finance.yahoo.com/blogs/daily-ticker/dear-america-time-big-thank-amazon-141036276.html

I have to agree with Blodget here on what he says about Amazon. They are doing things the right way it seems and once the Kindle Fire comes out, they will grow much faster and increase profits in the long term. Right off the bat they will lose money on each device sold but in the long run make much more money due to purchases by customers for the device.

I like the end of the piece by Blodget.
"If more American companies started to do what Amazon does--ignore short-term pressures, sacrifice near-term profits, and invest for the long-term--the American economy would start to heal itself quickly. America would create more innovation, more jobs, and more long-term wealth. And, just as important, more Americans would be able to go back to being proud of our corporations and innovators and entrepreneurs... instead of camping in parks and protesting them."

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