Taking advantage of the Amazon effect
Amazon has done a lot of things for the market, good and bad. Entire sectors have tanked when amazon announces a new acquisition or plan. They buy whole foods and all the sudden grocery stores are going down. Retail is dead some say……..
Well last week I had some errands to do before we went camping, none of which included amazon. I needed to get a haircut, to look sharp. 6 beers left in the fridge, that ain’t enough. Off to the LCBO to restock. I blew a fuse in my car last time when I used a converter to pump up our air mattress, so off to Canadian tire for fuses and a new lure for the walleye! Got to have some cash right? I went to rbc and withdrew some. Groceries yup I needed them as well, Walmart is right there. Sweet!
You know what all these places had in common?
Yup they all tend to be in Riocan’s plaza’s. But retail is dead isn’t it? I tell ya based on Riocan’s stock price you would think its getting there. Only thing is all those places I mentioned I like doing business with. They provide me a great service and I don’t think they are going anywhere. Most plaza’s owned by RIOCAN I see are full occupancy, even those empty target’s are now operating with new tenants. In my opinion Riocan is a great investment especially at their current price.
I added another 100 shares in Riocan last week when they dropped down to 23.91 per share. Yup that’s only 5 cents off their 52 week low. They pay a monthly dividend of .1175 per share and this equates to a generous 5.9% yield. These 100 extra shares will bring in another $141 per year in forward dividends.
To be honest I have never bought anything off of amazon, Maybe I’m weird. I was shocked about a month ago when my dad needed something and just went online to amazon and bought something. He was even a amazon prime member, he stated they have bought a couple things from them now.
I’m curious how many of you have bought something off of amazon? Do you see retail dying?