Archive for April 2018

Brad Roemer’s Distaste in the Decline of Amazon

Despite President Trump’s distaste with the retail giant, Brad Roemer has always been a fond investor of Amazon. He believes that the brand is going somewhere in the long-term and that one must invest in what they believe in. However, this Wednesday and Thursday the stock plummeted to new lows after Trump stated that he was going to go after the brand. He has harped that Amazon is the culprit for taking over thousands of retailers’ jobs—which isn’t completely a lie, the brand has disrupted practically all retail categories from furniture, jewellery to kitchenware. Trumps’ main argument was that the company pays little in taxes and uses the U.S. postal system for deliveries as opposed to their own system.

 

Brad Roemer has studied the stock in and out, always staying up-to-date with the latest news reports concerning political, economic and social trends that can hurt the brand or help the brand prosper. Although Amazon has declined to comment about their declining stock, it has been said that Trump may be working out a negotiation where consumers purchases of Amazon get taxed differently in order to protect the local mom and pop shops that are being pushed out of business by such retail giants. However, is it really fair for everyone to blame Amazon? They were a first mover in the e-retailer landscape and have been working to keep up with consumers’ trends by continuously offering them what they want. If other brick-and-mortar’s are too slow to get online, then it’s not fair to blame it all on this retail maven.

 

Despite Trump’s strong proclamations, Amazon is indeed requiring that consumers pay sales taxes in all states that require it. However, Brad Roemer is worried about his stocks (as he has bought about 15 Amazon shares in the last year) since Trump has also stated in fury that the U.S. Postal system is not charging the behemoth enough for using their services. It is in the works that the Supreme Court may require that online sales are taxed differently than in-store purchases, perhaps prompting consumers to get off their screens and into the real world.

 

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