But Bezos was more positive. Even if you were to give us no credit for the operating improvements we have made over the last year, we are nowhere near running out of cash. Most analysts focused on revenue growth, which has continued on a downward path that dropped below 50 percent by the end of the year, suggesting that it will now take significantly longer for the company's value to catch up with an already lowered stock price. However, Bezos said he believes the future is bright for the virtual retailer. We are short real estate and long technology.
Technology gets cheaper every year, and real estate gets more expensive every year.
This in a inescapable piece of the fundamental analysis of this business. Investors appeared to be on board with Bezos this week, boosting the company's stock for the second day in a row.