Elephent in the corner - Amazon

Hey team - been an on-again off-again holder of this stock. Loved it and hated it numerous times.

However at the moment, it's grown to be quite dominant, and the price of $4.18 today looks mouth watering. However for me, I'm not worried about the write down, or even the EBIT adjustment - or even the slight slowdown in the vet business - it's Amazon that's my biggest worry.

Personally you can buy all your pet gear online - from food to toys - all of which don't really need to be tried on and have good shelf life. It's kind of the perfect item to buy online.

In saying that, I love that GXL has a one stop shop for retail, vet and grooming - great idea.

Is the vet business enough to prevail over Amazon? Instore vets are now in 17% of the stores - up from 10%. Also, those that use the vet spend more on retail than those that just buy retail.

Would love some discussion around this!