Monthly Archive for: ‘July, 2017’
In our internet connected world, great ideas and dashes of capitalism are a recipe for rip-roaring increases in revenue, and few compare with Amazon. With Amazon’s proposed purchase of Whole Foods, we assess what investors might be thinking when owning companies producing little in cash profits, often with risks that aren’t immediately apparent. At Hamilton Point we have done well sticking to businesses that produce sufficient cash to justify owning the shares, and Amazon is not one of them. Just-the-same, we mustn’t ignore Amazon’s disruptive approach and its potential effect on investment decisions we make.