Why Amazon Is OK With Losing Money in Some Cases
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Version 0 of 1. Amazon (AMZN) is OK with losing money if need be. TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer noted that Amazon is not in the cosmetics business but the word is they want to move into that space. And if they really want to do it then they can be big loss leaders - Amazon can afford to lose money because they have Prime memberships. To be sure, that isn't great news for Ulta Beauty (ULTA) . Don't miss a rare opportunity to learn from the best in the business! Jim Cramer is hosting top market movers for a unique investing event on October 28. Reserve your spot today: http://bit.ly/2gD6nZt More From Jim Cramer: |