>Wouldn't you want to own a company that doesn't pay profits for 20 years, but gives you $10B every year after those 20 years? That's an expected dividend. Wh

>Wouldn't you want to own a company that doesn't pay profits for 20 years, but gives you $10B every year after those 20 years? That's an expected dividend. What is the DCF available to shareholders of a company that never pays a dividend? Nothing.