Bill Nygren

Bill Nygren Elaborates On Why He Thinks Amazon Is Cheap

Did value investor Bill Nygren really just buy Amazon.com, Inc. (NASDAQ:AMZN) stock?

Bill Nygren Elaborates On Why He Thinks Amazon Is Cheap

Bill Nygren, portfolio manager of the $12 billion value-oriented Oakmark Fund, said Monday that Amazon’s rapidly growing business, aggressive reinvestment and high-margin third-party sales make its shares—priced at 161 times forward price-to-earnings—a good bet.

“I think when you look at a company like Amazon, you have to distinguish between it and a steel mill,” he said. “A steel mill decides that it wants to pursue growth, and it’s building tons of plants and equipment. And that spending only comes through the income statement over 20- or 30-year life of the equipment that’s being built.”

Bill Nygren Elaborates On Why He Thinks Amazon Is Cheap

Comments (0)

  • tonygcastaneda

    just as
    Robert answered I am impressed that a mom can profit $8694 in 4 weeks on the internet
    . Visit Website C­a­s­h­f­i­g­.­C­O­M­

    July 14, 2014 at 5:25 pm

LEAVE A COMMENT


X
Saved Articles
X
TextTExtLInkTextTExtLInk

The Life and Career of Charlie Munger

Charlie is more than just Warren Buffett’s friend and Berkshire Hathaway’s Vice Chairman – Buffett has actually credited him with redefining how he looks at investing. Now you can learn from Charlie firsthand via this incredible ebook and over a dozen other famous investor studies by signing up below:

  • Learn from the best and forever change your investing perspective
  • One incredible tidbit of knowledge after another in the page-turning masterpiece of a book
  • Discover the secrets to Charlie’s success and how to apply it to your investing
Never Miss A Story!
Subscribe to ValueWalk Newsletter. We respect your privacy.

Are you an intelligent investor?

ValueWalkPremium is a website and newsletter for smart investors like yourself. We focus on the latest hedge fund industry news much of which is not in the public domain and obtained via our sources.

We also have 10 years of resources on how to use this information to better your investment process.

Sign up for  today for only a few dollars a day and get a 3 day no obligation trial with a targeted 20% discount coupon code.

Cancel anytime during trial and you are never charged.

Limited time offer: For first 50 subscribers

0