Amazon.com, Inc.
AMZN
position
long
Bill Nygren, Harris Associates
Thesis
We previously owned Amazon when it was priced in the $200s, believing it was undervalued compared to brick-and-mortar competitors, but sold too early as it rose to $600.
Did it work?
inconclusive
confidence: low
While Amazon's price has increased by 36.3%, the time elapsed since the pitch is unknown, making it difficult to assess whether this performance aligns with the thesis's expected timeframe. Without a clear timeline, we cannot definitively conclude if the thesis has played out or not.
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