> can you go to amazon headquarters and exchange an AMZ share for an office chair?
If the total value of share prices drops below the value of the assets, you can buy all the shares, take the company private and sell off all the assets to make money.
Assets (vs liabilities) thus can put a floor on the value of a stock price.
i have AMZ shares. and i am still waiting when amazon business goes down the drain so i can take amazon private and sell off its assets and make profit. one helluva business plan and intrinsic value.
Just because something is illiquid or can't be returned doesn't mean it has no value.
AMZ is very liquid:)
it is amazing that no one seems to be able to answer simple question - what financial benefit do i get from ownership of an AMZ share? other that selling it to a bigger fool.
edit: the value of the share (in the old good days) is the discounted cash flow. you invest in a business, then business pays you the share of the profits (hence - share) in the form of dividends. AMZ share does NOT pay any dividends, nor does grant you any voting rights. nothing. zero. this is your intrinsic value.