Key Takeaways
Investor Whitney Tilson said on Bloomberg Surveillance that he looks for quality companies whose earnings will double in five years, which takes about 15% growth a year.
Consensus estimates have Amazon’s and Alphabet’s normalized EPS growing about 26% and 24% a year from 2026 to 2028, well ahead of that pace.
Meta’s estimates are flat this year as spending weighs, then rise 16% in 2027 and 15% in 2028, right on the doubling pace.
Free cash flow is the catch: Amazon’s is expected to stay negative until 2028, the year Janus Henderson’s Alison Porter expects capex to peak.
Bloomberg’s Tom Keene asked Whitney Tilson how he holds on to a stock like Amazon (AMZN:NASDAQ) when there’s so much noise around it. Tilson has been investing for more than a quarter century, and his answer was simple.
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