SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 228.58+0.8%1:47 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Bill Harmond who wrote (43675)3/3/1999 1:13:00 PM
From: Glenn D. Rudolph  Read Replies (3) of 164684
 
Leases are the same as debt. Even if Wal-Mart owned most of their stores, which I doubt,
it's still a huge capital drain that Amazon doesn't suffer.


William,

First off Walmart does own 92% of their stores. Most of them ended up costing them nothing. They bought farmland at very low prices and saved typically 15 acres for a strip center along side. Once the Walmart store was established, they would sell the remaining 15 acres to a developer for the amount it cost Walmart for the land and their building. You may trust me on that because I tried to buy the adjacent 12 acres Walmart owned next to their superstore. Their real estate department was asking the cost they paid for the entire 75 acres and the cost of construction. I did not buy it but a developer did.

Glenn
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext