An Airport More Richly Valued Than Amazon Shouldn’t Fly

What, then, can justify such a wealthy valuation? On the supply value, Sydney Airport should be a greater funding than Amazon.com Inc., or Netflix Inc., or any of Silicon Valley’s FAANG shares which have accomplished so nicely throughout the Covid-19 pandemic however nonetheless commerce on tighter multiples. But the power of its enterprise worth to generate free money movement is unspectacular — largely underperforming the generic 30-year Australian authorities bond, for example.

https://www.washingtonpost.com/enterprise/an-airport-more-richly-valued-than-amazon-shouldnt-fly/2021/08/16/20b5a398-fede-11eb-87e0-7e07bd9ce270_story.html?utm_source=rss&utm_medium=referral&utm_campaign=wp_business | An Airport Extra Richly Valued Than Amazon Shouldn’t Fly

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