User 432133

Why I Sold Freightcar America

Last time RAIL shares were at $35 range was 2008.

Valuing Amazon Like the Next Wal-Mart

How did your assumption for stock based compensation factor in your DCF? If you're doing a FCFF DCF analysis you would assume that you buy out the entire enterprise, thus all the incremental stock based compensation will be nil (no more share based comp because there are no more shares in a private ownership). If that's the case, SG&A expense will increase and lower AMZN's cash flow per year.

If you insist on incorporating stock based comp, then you must also project share dilution for your exit value.