Bill Nygren Explains Why The Market Misunderstands Amazon's Valuation

Canadian Value

Jul 13, 2015

You generally wouldn't expect to see a company like Amazon (AMZN, Financial) in the portfolio of a value investor.

Amazon doesn't have much for profits or free cash flow, but it has a massive valuation.

Yet Bill Nygren (Trades, Portfolio) owns the company.

Nygren thinks that the current earnings level does not reflect Amazon's true earnings power.

Here he is explaining why Amazon fits in a value portfolio:

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