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