- Amazon’s bid for Whole Foods Market, aka “whole paycheck,” suggests the e-commerce giant has an affinity for affluent consumers.
- But Wal-Mart as the traditional brick and mortar disruptor has successfully catered to everyone else for decades.
- We think Wal-Mart’s new and aggressive move into e-commerce will reward its shareholders, including non-Walton family investors, for decades to come.
(Note: Subscribers to Main Street Value Investor Marketplace received the first look at this research.)
Wal-Mart Stores, Inc. (WMT) was back on the value radar after Amazon’s (AMZN) disruptive announcement that it was acquiring Whole Foods Market (WFM). Predictably, financial newsmakers became speculative by suggesting that Wal-Mart, as the experienced discount grocer, should step in and bid for the higher-end Whole Foods.