Damodaran Calls Amazon Profits A Field Of Dreams

Amazon.com, Inc. (NASDAQ:AMZN) stocks took another beating last week after third quarter earnings turned out to be worse than expected – revenues were up, but so were losses – prompting NYU finance professor Aswath Damodaran to take another crack at valuing the company to see whether the market’s reaction was rational or just an overreaction. Field of Dreams approach to making a profit When Damodaran looked at Amazon.com, Inc. (NASDAQ:AMZN) in 2000 as part of his book The Dark Side of Valuation, he was optimistic about the company’s future, and thought that by this time, fourteen years later, it should…