If this was just a brick-and-mortar play, SHLD offers a MUCH better target. You value it generously at $2bn and take on their liabilities for about $1bn more than the WFM buy, but hundreds more locations deep within urban and suburban locations, with ready-made warehouses.I imagine Bezos needed a brick and mortar infrastructure for his food delivery biz. WF has made some mistakes but they are known for quality and tasty foods which positions Bezos nicely in the space.
Was looking around the grocery and TGT/WMT type stocks today, and it goes far beyond you and me thinking this is a good buy.I also think it brilliant