Grocery Bonds Plunge As Amazon Slashes Whole Foods Prices

Amazon has officially owned Whole Foods for less than a day but early channel checks suggest they’ve already slashed in-store prices by nearly 50% on certain products which is causing some heartburn for grocery bond investors. Of course, if we owned 6-8 year paper in a business competing with a company who has a demonstrated willingness to consistently lose money for as long as it takes to gain market share, we’d be a little worried too.

This post was published at Zero Hedge on Aug 28, 2017.