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Amazon buys Whole Foods. Costco does nothing. Margins fall. Costco says it'll start home deliveries.
WMT and COST waited until another company forced them to act and in both cases, they waited too long. In pre-market trading, COST is down 8.
Lessons learned. Never trust a CEO. In most cases, he has no idea what to do and only acts when he's forced to act. We need better CEOs
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