Amazon.com, Inc. (AMZN), Best Buy Co., Inc. (BBY): Jeff Bezos Found a Way to Spend Even More Money — Surprise!

From my point of view, it looks like Amazon is now spending money to keep the market share it already had, but without any new benefit.

If Amazon has become an oil tanker lost at sea, Best Buy Co., Inc. (NYSE:BBY) is increasingly looking like a sinking ship with a bunch of lifeboats. There’s no reason to jump on for the buffet — it’s submerged and was just crab cakes, anyway — but the ride in the little boat could be really fun. Best Buy Co., Inc. (NYSE:BBY)’s price matching and focus on mobile have given it a breath of fresh air, and the business actually saw some segments posting high year-over-year comparable sales last quarter. Mobile alone was up 7.4%, although entertainment dropped 17.2%. But the business at least has some options. Amazon seems stuck in the low-margin, low-income doldrums.

As I’ve said before, I think an investment in Amazon says as much about your faith in Bezos as it does about your belief in the business model. I like Bezos a lot, but I’m starting to lose my nerve — I just suggested that maybe Best Buy Co., Inc. (NYSE:BBY) wasn’t a horrible investment, for crying out loud. The big profit keeps being just over the horizon, and as much as I like the idea of hiring lots more people, I’m getting tired of chasing the edge of the world for the sake of market share.

The article Jeff Bezos Found a Way to Spend Even More Money — Surprise! originally appeared on Fool.com is written by Andrew Marder.

Fool contributor Andrew Marder has no position in any stocks mentioned. The Motley Fool recommends and owns shares of Amazon.com.

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