Amazon (AMZN) reported extremely strong earnings last week aided by improving margins. I believe that Amazon has one of the widest moats of any business, as infrastructure investments over the last 15 years, have built a distribution model that cannot be emulated. Amazon is one of the all time category killers impacting retailers of all shapes and sizes. It is only fair that they should be paying a sales tax which has given them an unfair advantage, and I think that this could provide some short term headwinds as more states jump on that bandwagon... Continue to read.
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