July 24, 2017
Munro Partners’ CIO Nick Griffin talks to the AFR about Amazon – “This is where people get a bit lost,” Griffin says.
“They make huge amounts of cashflow which they reinvest heavily to grow their network. Amazon has been on a PE of over 100 for 20 years and the stock is up 64,000 per cent since it listed, so fair to say looking at the PE multiple hasn’t helped you get this one right.”
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