FYI: AMAZON.COM is the world’s fourth most valuable company, based on its stock market capitalization. At that size, it isn’t about to get bought by another company. It doesn’t pay a dividend. The last time it repurchased its own shares was seven years ago.
Now, imagine this continued—no buyout, no dividend, no stock buybacks—until the sad day arrives when Amazon goes the way of buggy whip manufacturers. Result: There’s a good chance its shareholders would, over the company’s history, have collectively made no money. Sure, some investors would have bought low and sold high. But in aggregate, investors would have got pretty much zilch.
Regards,
Ted
https://humbledollar.com/2019/11/cash-back/
