Amazon stock drops lower Here's why it's time to buy

in #money7 years ago (edited)

()
As the New York Stock exchange opens the Amazon stock drops to 986 dollars per share. I believe that this is still undervalued for a company like Amazon for 3 reasons

  1. Best in customer support
    Out of all the retail stores that I've been to and used, Amazon stays at the top in customer support and satisfaction. Not only are they able to replace or refund items you're normally not able to return, but they also able to go the extra step through live chat, phone, and email. If you want to know what there customer service is like think of Costcos return policy, but better.

  2. Expanding into food industry
    As you probably head by now, Amazon recently bought Whole Foods for hefty 13 billion dollars. In addition to this their amazon go project will most likely be implemented in stores. As a result it will be difficult for other markets to compete with them on food. Shoppers would not have to go through the register line, but would be able to just "go."

  3. Dominating the retail business
    As Amazon continues to undergo low prices and fast two day shipping, people will slowly move towards using Amazon only. Even though you can price match on Amazon through other retails such as Best Buy, Amazon is recently applying for a bill that would deny Retail stores to pricematch. As outrageous as it sounds doom majority of retail stores will be closed.

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