Jeff Bezos, speaking to Charlie Rose on CBS, discussed the issue. In the process, he proved why he is, by leaps and bounds, the best CEO in the world, right alongside Howard Schultz at Starbucks (SBUX).
Watch this. It is simply fantastic stuff (with respect to CBS, you might have to sit through a 30-second commercial, but it's well worth it):
If your first reaction was Wait a minute, the Kindle Fire is a 'me, too' product, you really don't understand Amazon. Sadly, I might not be able to save you, but I'll try.If 100 companies are doing something and you're the 101st, you're not really bringing any value to society. Couple this with the strategy of aggressive spending to seize massive opportunity and, again, with the exception of Starbucks, there is not another company, across industries, doing anything even as close to entrepreneurial, innovative and exciting as Amazon. Plenty of companies with limited resources, relative to Amazon and Starbucks, are taking similar chances, but it's a different ball game. Very few giants and blue-chips take this approach. They park money overseas, hem and haw about political gridlock and produce uninspiring copycats of what everybody else is already doing. That's not money well spent. So, we know that Amazon took the $3 billion bond because it's a great environment to do it in. It's relatively cheap debt and the company has so many different directions it can go in to get a solid ROI from the move. It will work on Amazon Web Services. It's dropping serious cash on a new headquarters building. Of course, Jeff Bezos is probably frightened by Netflix (NFLX) CEO Reed Hastings' strong words (via All Things D) so he needs extra cash to spend on digital content. There's little doubt in most people's minds that, as it exponentially expands its fulfillment capacity in and around major urban centers, Amazon will shoot for same-day delivery. That brings us to the possibility of physical retail. Amazon already tests something like same-day delivery in select cities across the U.S. -- Amazon Locker. For some items you have the option at checkout to pick up your items at a location somewhere in your city.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV