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Filed under: Competitive strategy, Wal-Mart (WMT), Amazon.com (AMZN), Stocks to Sell

I thought it would be interesting to check on the progress of Amazon's (AMZN) (frequently hyped) Stock Repurchase Program(s).

In August 2006, the Board of Directors authorized a 24-month program to repurchase up to an aggregate of $500 million of Amazon common stock from which they repurchased 8.2 million shares for $252 million in 2006 and 6.3 million shares for $248 million in Q1 2007.

Here's what investors can expect to hear during Amazon's (AMZN) 2nd quarter conference call next week:

1.  Low prices caused margins to be low.
2. Q&A will have 793 occurrences of "you know" from Szkutak.
3. Increased product mix caused margins to be low.
4. No comment about tax litigation.
5. Low prices caused margins to be low.
6. Very secretive about Kindle unit sales but listeners are told it's a huge success.
7. Goal is to satisfy customers as a "customer-centric firm".
8. Low prices caused margins to be low.
9. Bezos wakes-up just prior to last question.
10. Amazon Prime caused margins to be low.

Using Amazon's own midpoint g

If many of you are wondering what a Kindle is, don't worry. You're not alone. Kindle is a wireless reading device that was developed by Amazon.com (AMZN). You can read books, newspapers and magazines on the device just as you would read them on paper. Amazon released these devices last November amidst a lot of hype.

After six months of nothing happening on the Kindle front, Amazon CEO Jeff Bezos issued a press release calling the Kindle a "huge success" and a "revolutionary" device. Now, we're not new to such hype, but the clincher here is he had no numbers, no sales figures and no revenue a

Questions:

Is it fair to consider short-term cash available because of delayed payment terms of Amazon's (AMZN) A/Ps as Free Cash Flow? Most of their “FCF” from 2007 vanished in the March 2008 Quarter.

Questions:

• Do analysts understand the definition and meaning of free cash flow [FCF]?
• Do they understand the quality of Amazon’s (AMZN) FCF?
• What is the most meaningful method to compute it?
• Should an increase in Current Liabilities be included in FCF, as is being done by most analysts?

Companies, analysts and investors understand the importance of FCF, but there is no real consensus on the definition FCF and of how to compute it. This allows for different results in the determination of FCF, as it varies depending on the definition used, and these variations will give dif

Let me begin by putting my recommendation in perspective. I don’t believe in owning or recommending individual stocks for the long term because I do not know more than anyone else (the market).<!---->

I have two ways of investing. First, I buy and hold exchange traded funds or mutual funds. My portfolio is diversified with emerging markets, developed markets, smallcap, midcap and largecap stocks. Second, I use trading strategies that have been tested extensively. The trading strategies include corporate events, seasonalities and momentum trends. Some of the strategies I use are described

AMaZoN.com

TOP PLAY SHORT @ 68.22

Shares of AMZN were/still are HEAVILY SHORTED in their current "Bear Market Enviroment. The stock going up from it's recent march 4, 2008 low of 61.20/61.23 (double bottom) was most likely in an effort to take out the 60.00 level that would almost surley create PANIC and FREE FALL  to at least $57.59.  AMZN's rise on Friday in a HORRIBLE DOWN RIDDEN BCS INVOKED MARKET to as high as 70.68 early in the session was with out a SHORT SQUEEZE that 69.55 - 70.68 ,, Because, despite one of the stocks biggest FANS's Cramer looking at his screens on CNBC