In the Amazon 2000 Q4 fund letter, Amazon (AMZN, Financial) was highlighted for its strategic resilience and growth despite a challenging market environment. The company experienced a significant decline in stock price, down more than 80% from the previous year, yet it demonstrated substantial operational improvements and strategic positioning.
"Amazon.com the company is in a stronger position now than at any time in its past. We served 20 million customers in 2000, up from 14 million in 1999. Sales grew to $2.76 billion in 2000 from $1.64 billion in 1999. Pro forma operating loss shrank to 6% of sales in Q4 2000, from 26% of sales in Q4 1999." — Jeffrey P. Bezos, Amazon 2000 Q4 Fund Letter
Read full letter at gurufocus Amazon 2000 Q4 page.