Running The Numbers: Amazon Looks Expensive [View article]
So you used Amazon's revenue CAGR for the last three years, 28%, to project forward two more years to 2010, then slashed that to a 5% terminal growth rate from 2010 to the end of time, comparable to the growth rate of a large industrial company.
I wonder why your valuation came out below the market value?
Running The Numbers: Amazon Looks Expensive [View article]
I wonder why your valuation came out below the market value?