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re: Anyone buying WMT?

Posted on 10/15/15 at 8:59 am to
Posted by Ole War Skule
North Shore
Member since Sep 2003
3409 posts
Posted on 10/15/15 at 8:59 am to
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."
Posted by LSU1018
Baton Rouge
Member since Feb 2007
7222 posts
Posted on 10/15/15 at 9:26 am to
I just bought some at $60.00 for long term. I could see it going lower but I still feel like at $60, it's a value.

ETA: Looks like I should have held out longer
This post was edited on 10/15/15 at 10:25 am
Posted by Shepherd88
Member since Dec 2013
4592 posts
Posted on 10/15/15 at 1:48 pm to
I listened to the motley fool interview yesterday and basically the WMT guy said.. Yep, raising our minimum wage didn't seem like too good of an idea now.. Haha
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