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Smead on Amazon/Whole Foods: grocery delivery is “a graveyard”

Bill Smead says that while there is a lot of noise around the deal, it’s important to remember that grocery delivery has been tried for over two decades and “has been a graveyard” for everyone…including Amazon. Yahoo Finance’s Jen Rogers talks with Bill Smead, CEO of Smead Capital Management about what whether or not Amazon is headed for a trap.