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Anyone buying WMT?
Posted on 10/14/15 at 11:26 am
Posted on 10/14/15 at 11:26 am
Down around 10% today and currently sits at 61. I bought 110 shares in the low 70's thinking it had been beat up enough. Wrong.
Apparently at shareholder meeting today lowered guidance for the rest of this year and next year causing the tank. Also announced $20B share buyback.
Anyone with any thoughts?
Apparently at shareholder meeting today lowered guidance for the rest of this year and next year causing the tank. Also announced $20B share buyback.
Anyone with any thoughts?
8
Posted on 10/14/15 at 11:41 am to OnTheBrink
I wish I had some cash to throw into it right now. I think WalMart obviously has some staying power that these other companies don't have (Whole Foods for example). As soon as another slight recession hits I really think people will be jumping the organic/fresh foods ship to go back to WalMart.
This post was edited on 10/14/15 at 11:42 am
Posted on 10/14/15 at 3:48 pm to OnTheBrink
Yep
Posted on 10/14/15 at 8:22 pm to OnTheBrink
I'm thinking about it but too early for me to buy. One thing that holds me back is that I don't like to shop there.
Posted on 10/15/15 at 8:52 am to OnTheBrink
I did the same thing (bought in low 70s). And this, after having a few shares at $60 for many years and closing that position out, only to see then see it rise to hit 90. 
I am buying here, given 3.3% div yield and prospects for cycling back up.
I am buying here, given 3.3% div yield and prospects for cycling back up.
Posted on 10/15/15 at 8:59 am to OnTheBrink
Morningstar just upgraded them to 5*
"We expect to lower our $79 fair value estimate for Wal-Mart by approximately 5%, but we believe the nearly 10% sell-off in Wal-Mart’s shares following the company’s fiscal 2017 guidance (earnings expected to be down 6%-12%) represents an overreaction and a buying opportunity in this wide-moat firm. With shares trading around 13-14 times fiscal 2017 earnings, we think that Wal-Mart shares warrant a closer look."
"We expect to lower our $79 fair value estimate for Wal-Mart by approximately 5%, but we believe the nearly 10% sell-off in Wal-Mart’s shares following the company’s fiscal 2017 guidance (earnings expected to be down 6%-12%) represents an overreaction and a buying opportunity in this wide-moat firm. With shares trading around 13-14 times fiscal 2017 earnings, we think that Wal-Mart shares warrant a closer look."
Posted on 10/15/15 at 10:52 am to OnTheBrink
They are building Neighborhood Walmarts everywhere right now to compete with small town grocers. Im buying for the long term.
Posted on 10/15/15 at 7:20 pm to OnTheBrink
Posted on 10/20/15 at 6:55 am to OnTheBrink
I looked at it hard, flipped a coin, and bought wfm. No bueno.
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