Creative Destruction

Fly Charts: Amazon Destroyed Bookstores in Order to Save Them

From Amazon getting physical to shareholder impotence, here are four charts that tell you what you need to know in business today.
Photographer: David Ryder
AMAZON.COM INC
-29.42
At Closing, April 20st
1527.49 USD

Good morning! This is Fly Charts, the daily charts-only newsletter from Gadfly; sign up here. From Amazon getting physical to shareholder impotence, here are four charts that tell you what you need to know in business today. 

Amazon Ate Bookstores

Amazon sucked the life out of U.S. bookstores. So why is the inventor of the Kindle breaking into brick and mortar?

Source: U.S. Census Bureau and Amazon.com

Still In Siberia

Despite going along with OPEC's oil production cut, Russian oil majors still trade at a massive discount to international peers.

Source: Bloomberg

Note: Discount to the average 2017 enterprise value-to-Ebitda multiple for Total, PetroChina and Statoil, weighted by market cap.

In it For The Long Haul

Investors like to believe that they own companies. Azko shows that the reality can be more complicated.

Source: Bloomberg

Not Gucci

High valuations suggest that investors are betting the luxury recovery has legs; they're likely to be disappointed.

Source: Bloomberg

And don't miss Chris Bryant on British Airways' rough holiday weekend: "In most industries, treating staff and customers well is a prerequisite for success. Like other airlines, BA has learned there’s another way -- one that involves avoiding competition, scrimping on service while ensnaring passengers who might otherwise be tempted to take their business elsewhere."

This column does not necessarily reflect the opinion of Bloomberg LP and its owners.

    To contact the author of this story:
    Max Nisen in New York at mnisen@bloomberg.net

    To contact the editor responsible for this story:
    Mark Gongloff at mgongloff1@bloomberg.net

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