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Mario Gabelli: 'I'm glad that Amazon comes along and knocks off everybody'

from CNBC

Billionaire investor Mario Gabelli told CNBC on Thursday he isn't worried about home retail stocks tanking after the announced Sears-Amazon deal. Shares of Home Depot, Lowe's and Whirlpool were all falling on Thursday after Sears announced plans to sell Kenmore-branded appliances on Amazon.com. Kenmore Smart appliances will also be compatible with Amazon's Alexa platform. more


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