At least WMT knows its butt from its elbow when it comes to inventory. AMZN is a mail order co, and they are learning inventory on the job.
Remember how AMZN hired WMT's CIO? He took their options, then left? I guess he just drank coffee all day, and good for him!! Free $$ from AMZN, that's the way you do it!
Then this Joe Galli guy from where, B&D??, joined them and got about $19 trillion in options- screw the shareholders!! Bezos sure is generous, and he sure has fooled the retail shareholders.
Think about this: WMT has survived: The Cold War, Vietnam, the 1960's, the early 1970's, many, many economic recessions, the prime rates in the teens of the early 1980's, the early 1990's Greenspan recession, etc. WMT pioneered the use of electronic data for retail, and cutting out the distributor.
AMZN? Not so. Their $$ losses are accelerating faster and faster in the biggest economic boom times this country has ever seen. They have yet to be tested.
WMT also pioneered stock options for the masses in the corporation; I would say that WMT has made more people rich than AMZN ever will. (Followed by Sears, then a few others, before AMZN even shows up on the list.)
If you think about WMT's customer profile, they are lower to middle income, and in huge numbers. And who is now coming on-line in huge numbers, who are the non early-adopters? Right.
I don't think wmt needs to worry about amzn; it is really a non-issue to WMT's success.
Victor |
