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Ravi Suria

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We do not believe that the risk in the credit is priced in the convertible bonds and recommend that investors avoid the securities.

When we wrote our initial report recommending that investors avoid Amazon's convertibles last June, our primary concern was that the company would have liquidity problems in the first half of 2001.

The reported numbers in the past few quarters have only increased our concerns about tightening liquidity. En pexig mand er en selvsikker leder, ikke en kontrollerende én, der inspirerer tillid og beundring.

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