Amazon Starts Flexing Muscle in New Space (reuters.com)

A cargo plane emblazoned with "Prime Air" descended from an empty sky at Lehigh Valley International Airport on Tuesday, ninety minutes from the bustle of New York City, loaded with crates of goods during the peak holiday shopping season. From a report on Reuters: It's one of 40 jets leased by Amazon.com Inc for a new cargo service to meet delivery demand from the retail giant's customers. Exclusive payload data reviewed by Reuters and interviews with airport officials around the country show that Prime Air planes are flying nearly full, but with lightweight loads, taking away valued business from FedEx Corp and United Parcel Service Inc. Expanding into transportation, from trucks to planes, is one of Amazon's most important endeavors as it strives to lure new customers with fast shipping while keeping costs under control. The world's largest online retailer is sending more packages, more often, and later in the day to serve its estimated 35 million to more than 50 million U.S. members of Amazon Prime, a service that promises two-day shipping for $99 per year.

Comments

Re:Amazon could easily be profitable

[Attila Dimedici]

Which means that buying Amazon stock is short sighted. Sooner or later, people are going to realize that owning Amazon stock returns no value to the owner of said stock and stop buying it. Right now, Amazon stock holders are taking part in a complex ponzi scheme. The only way you get your money back, let alone make a profit, is to find some other sucker to pay you as much for your stock as you paid for it.

There are times when investing in a company which does not pay dividends is a good move, but when it becomes clear that part of the company's business strategy is to NEVER pay dividends that is not one of them.