Hah....Amazon buying wholefoods ....wow!!! What an awkward buyout...

S

S2007S

Amazon is buying Whole Foods in a deal valued at $13.7 billion
  • Amazon to acquire Whole Foods for $42 a share, in a deal valued at $13.7 billion.
  • John Mackey will remain CEO of the grocery store chain.
  • The deal is expected to close in the second half year.


http://www.cnbc.com/2017/06/16/amaz...s-in-a-deal-valued-at-13-point-7-billion.html



This is one awkward interesting buyout if I must say so myself...the most amusing thing is that wholefoods is allowing Amazon to buy them, that just shows how foolish and weak wholefoods has become in the last 5 years, they had the entire market cornered, but thought they were too good for anyone else and this is what happens. A company once known as just an online bookstore is buying wholefoods, that's just downright pathetic for wholefoods to say hey sure Amazon, here you go......just shows you how wholefoods is giving up or can I say has given up....
 
The grocery biz has razor thin margins, WFM didn't corner anything.

Since AMZN doesn't give a %&* about profits, everyone in the space is doomed.

Don't forget that the drugstores are doomed as well.
 
Covertibility said:
The grocery biz has razor thin margins, WFM didn't corner anything.

Since AMZN doesn't give a %&* about profits, everyone in the space is doomed.

Don't forget that the drugstores are doomed as well.
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They had the organic health market cornered for quite sometime. They were the elite of grocery stores with the upper class feeling like they found a store that catered just to their organic needs, then all of the sudden whole foods lost it.....too much competition, even regular supermarkets now have about 3-4 aisles dedicated to all natural GMO free gluten free and what ever free these idiots eat these days ...
 
Covertibility said:
The grocery biz has razor thin margins, WFM didn't corner anything.

Since AMZN doesn't give a %&* about profits, everyone in the space is doomed.

Don't forget that the drugstores are doomed as well.
More...


Yes Amazon doesn't care about profits, as for everyone having the mentality that everyone in that space is doomed, I totally disagree, that's what Amazon and others want you to believe, but I'm going the other way and totally disagree that "everyone in the space is doomed" .....
 
speedo said:
Yeah...14 billion dollar valuation, what losers. I remember when they were a single health food store in Austin.
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Selling out to Amazon they are....if they were such hotshots then why did they just sellout to Amazon of all companies??
 
S2007S said:
Selling out to Amazon they are....if they were such hotshots then why did they just sellout to Amazon of all companies??
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Amazon has the capital. They also recognize no boundaries with regard to expansion.
 
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