Ted Bauman, editor of The Bauman Letter, and writer for Smart Money service and a weekly stock trading service called the Alpha Stock Alert has some pretty strong opinions on Amazon. Ted Bauman is an economist that works hard to give people as much accurate information on critical financial and investment issues so that they are able to make careful and informed decisions about the things that they invest it. His goal is to help his subscribers and his readers to build long-lasting wealth that lasts through several generations. The economist recently revealed his views on the Amazon company and gave his views and his investment advice on investing in their stocks. Ted Bauman sees Amazon as most everyone else sees it, a service that provides instant gratification to anyone who orders online.
It has a huge selection of merchandise that all come at competitive prices which makes it a retail magnet for buyers and sellers alike. Manny renowned economic experts think that Amazon will control over half the retail market online within three years or less. Unlike many experts that say that this makes Amazon a monopoly, Ted Bauman disagrees and points out that Wal-Mart still sells three times as much revenue as Amazon does. In fact, online stores like Wal-Mart, eBay, Apple, Target, and Macy’s still represent over 56% percent of the online market. Ted Bauman says that Amazon cannot be considered a monopoly because its impact on conventional stores has not been super sufficient.
Online stores have no doubt experienced an explosion in growth as buyers can get everything they need from cold medicine to an entire bedroom set at the mere touch of a button. However, traditional stores remain to be very popular and they continue to generate 9/10ths of any revenue seen in the United States. Bauman also points out the fact that anything that is considered a monopoly generally has a ton of public criticism thrown at it for how it does things, but most people have nothing but positive opinions about Amazon despite their occasional mistake that every company is bound to have. Unlike most monopolistic companies, Amazon still works hard at providing excellent customer service at prices that are affordable by the general population!
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