06-16-2017, 04:37 PM
I also can't see how AMZN can do serious damage to TGT. According to TGT's 2016 annual report only 22% of the revenue is "Food, Beverage & Pet Supplies". I think significant portion of it are dry goods - not fresh produce/grocery.
I doubled down on TGT this morning under $50 and now the new position is up 6%
. The old position is still down a lot though.
My biggest worry is on CVS and WBA positions. AMZN could become a serious threat if they enter pharmacy market through WFM which is the very likely case.
I doubled down on TGT this morning under $50 and now the new position is up 6%
. The old position is still down a lot though.My biggest worry is on CVS and WBA positions. AMZN could become a serious threat if they enter pharmacy market through WFM which is the very likely case.