While still an excellent deal, Amazon's (AMZN) acquisition of Zappos will likely be dilutive,...

|By:, SA News Editor

While still an excellent deal, Amazon's (AMZN) acquisition of Zappos will likely be dilutive, Bernstein's Jeff Lindsay says. He estimates Zappos' margins are a 'wafer thin' 2% or less due to its liberal return policy and free shipping, and says the company was "operating close to break-even on a stand-alone basis."