Calls for Capital Return Program and Increased
Transparency Around Projected A.I. Investment
MANHATTAN BEACH, Calif., Oct. 29,
2024 /PRNewswire/ -- Blue Duck Capital ("Blue Duck"),
a long/short equity investment manager focused on thematic
opportunities within Technology, Media, Telecom, Consumer, and
Industrial sectors and long-term shareholder of Amazon (Nasdaq:
AMZN)(the "Company") common stock, today issued an open letter to
the Amazon Board of Directors voicing concerns about the lackluster
performance of the Company's stock.
In the letter, Blue Duck outlines a number of initiatives it
believes management can undertake to remedy the underperformance,
including:
- Initiate a formal and significant capital return program to
match the Company's market cap, free cash flow and capital
reserves.
- Improve on inefficient business execution across AWS and retail
businesses.
- Provide more transparency around substantial projected A.I.
Investment.
- Leverage Whole Foods' leading market position to better
capitalize on growing national health food movement.
- Refocus Amazon Studios, Wondery and all related media verticals
to realign capital spend with viewership to avoid further talent
and content missteps.
The full text of the letter can be found here.
About Blue Duck Capital, LLC
The objective of Blue
Duck Capital Partners LP (the "Fund") is to achieve long-term
capital appreciation by employing a long/short equity strategy
focused on thematic opportunities within Technology, Media,
Telecom, Consumer, and Industrial sectors. The foundation of the
strategy is a rigorous bottoms-up, risk/reward discipline that
uncovers mispriced global equities across all market caps. The
Fund's diligence process tends to underweight traditional
'sell-side' broker research and mainstream financial media and
instead makes heavy use of primary sources. This tends to produce a
return stream that has a low correlation with the S&P 500. The
Fund manages risk by balancing exposures, using modest leverage,
and adhering to proprietary risk/reward levels. Blue Duck Capital,
LLC is based in Manhattan Beach,
California. Blue Duck Capital LLC was founded by
Alex Beinfield in 2019. Blue Duck
Capital Partners, LP was launched by Alex in September 2020. Alex has over a decade of
"buy-side" Wall Street experience. For more information, please
visit https://blueduckcap.com/
Media Contact
Taylor
Ingraham
ASC Advisors
tingraham@ascadvisors.com
203-992-1230
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SOURCE Blue Duck Capital, LLC