> Profitable isn’t related to “worth the dollars”. You need to look at income and how much is being reinvested into growth. Amazon famously remained unprofitable due to reinvestment and waiting for them to become profitable before investing was a bad bet.

Amazon met profitability requirements and went into the SP500 at around $2.40 in November 2005. Two years before it was $2.70. Six Years before it was $4.40.

Two years _after_ listing it was $4.50. Six years after it was ~$10.

Waiting for profitability seems like it was a good bet.