Sunday, March 29, 2009

Amazon . Toast up 5000 percent since IPO (Chart)


Amazon (AMZN), Ten Year Chart, Monthly.

In May, 1997 Amazon (AMZN) was labeled Amazon.toast and Amazon.bomb by Forrester Research and Barron's. Since then it has risen more than 5,000 percent.

Amazon Chart Ten Year 328Align Center

Highlights:
  • Amazon was founded in 1994, and went public in 1997.
  • In 1997, Amazon was labeled Amazon.toast and Amazon.bomb by Forrester Research and Barron's.
  • By 1999, cumulative losses at Amazon exceeded $550 million.
  • In December, 1999, Jeff Bezos was chosen as Time magazine's person of the year (see Cover).
  • In December 1999, Amazon reached its highest raw price in history at $113 a share.
  • In the summer of 2000, an analyst at Lehman Brothers warned investors that the company might run out of cash and advised them to avoid its stock.
  • In September 2001, Amazon dropped to its lowest raw price in history--$5.67 a share.
  • In October, 2007 Amazon traded over $100 a share for the third time, and the first time since 1999.
  • The split adjusted price of Amazon dating back to 1997 is $1.31 a share.
  • On March 23, 2009 Amazon closed at $75.61 a share, its highest price since falling to $34.68 a share in November, 2008.
  • Amazon is currently up more than 50 times its adjusted initial public offering price, or 5,700 percent.

A month after Jeff Bezos' was named Time's person of the year, the company fired 150 workers as part of an internal reorganization. Just five days later, Amazon reported a loss of $323 million for the holiday fourth quarter and promised that future losses would be lower. (The company, however, would later exceed that amount by more than $200 million).

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