Loading investment pitches...
Equity Research Database
Institutional Investment Pitches
Explore thousands of hedge fund pitches, high-conviction equity research memos, and portfolio manager commentary extracted from quarterly letters.
Explore thousands of hedge fund pitches, high-conviction equity research memos, and portfolio manager commentary extracted from quarterly letters.
In reality, Amazon’s capital spending for AI data centers is rising dramatically, it has just about transitioned from free-cash-flow positive to negative, and it’s begun to engage in large-scale borrowing. These are changes...
— Murray Stahl
Full equity research memos, financial breakdowns, and hedge fund thesis write-ups are reserved for BSD Research ($50/mo) and Pro subscribers.
Already a Research or Pro subscriber? Sign In
Other investors who've written on Amazon.com, Inc.
Amazon.com ($AMZN) represents 7.99% of the fund's portfolio. Amazon dominates global...
The manager highlights Amazon's costly decision to shorten server useful lives back to five years as an indicator of accelerating hardware obsolescence in AI.
Amazon ($AMZN) is held within the Eagle Equity Composite and is referenced in the letter as a primary operational benchmark and competitor to MercadoLibre in Latin America.
More institutional theses from Horizon Kinetics
Cboe Global Markets ($CBOE) represents an attractively valued regulated derivatives exchange pursuing near 24/5 U.S. equity trading.
Wheaton Precious Metals Corp. ($WPM) is a precious metals streaming company that provides upfront financing to mining operators in exchange for the contractual right to purchase future silver and gold production at low fixed costs. While acknowledging the...
Franco-Nevada Corporation ($FNV) is a premier royalty and streaming company with a diversified portfolio spanning gold, silver, and energy assets. Although Horizon Kinetics...