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Non-Tech : Wal-Mart
WMT 115.11+0.2%Dec 5 9:30 AM EST
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To: Leo Francis who wrote (141)7/21/1997 12:08:00 PM
From: David F. Robinson   of 1166
 
Leo,

> Even with 1.74 in earnings, you are looking at a price
> NEXT year of 34-35, which is "fair value".

Unless they maintain their current P/E of 25.5.
This would give a price of $44.37 or a gain
of nearly 27% from todays price. With the euphoria
of the current market, I don't think its unreasonable
for WMT to maintain this P/E.....

David
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