·Amazon announced Friday it will purchase Whole Foods in a deal valued at $13.7 billion.
·The agreement "is a game changer" for the food industry, Jim Cramer said on CNBC's "Squawk on the Street."
·Cramer said he is also "taking down numbers" for food sellers as a result of the news.
Read more here: http://www.cnbc.com/2017/06/16/cramer-says-amazon-will-dominate-food-within-the-next-two-years.html
Maybe Bezos knows something I don't, but it seems like a bad time to buy whole foods. I don't think there is much appetite for grocery deliveries, at least on a large scale. And as for the buck and mortar stores, well, I think their high prices will drive away cash strapped consumers in the next, soon to arrive recession. Also, Cramer is usually a pretty good contrarian indicator.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You trust Jim Cramer from the fakestream media?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Maybe by saying amazon a shit can get me some votes.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You might see Amazon everywhere if they keep growing and expanding at this rate.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Amazon is awesome... but this much central control must be stopped.....
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
+1
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
im curious to see how this turns out
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yeah amazon is a large company, i think amazon is one of the most top leading online shop in the world.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit