Stifel Strategist Questions Amazon-Whole Foods Deal

The video discusses Amazon's entry into the grocery market, likening it to a dog chasing a sports car. The grocery business is described as deflationary with narrow margins, high volume, and low growth. While Amazon has experience in such markets, the grocery industry presents unique challenges. The discussion highlights Amazon's deflationary business model and questions the long-term viability of the grocery sector, noting its defensive nature but limited growth potential.

What implications does the speaker suggest Amazon's entry into groceries has for the equity landscape?

In what ways does the speaker suggest that the grocery business is defensive?