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Non-Tech : Wal-Mart
WMT 105.34-1.7%Nov 21 3:59 PM EST
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To: Ken Turetzky who wrote (62)7/8/1997 2:00:00 PM
From: Jack L. Dlugach   of 1166
 
I think the 21 was based on prices from a couple of weeks ago and
now we're looking at a more expensive stock.

The argument with Leo is apples and oranges--we're looking at WMT
as a good long-term investment and it certainly is that but Leo is
judging this valuation for the present and short-term and it is pretty
expensive.

However, I still say that shorting a stock like WMT in this kind of
a market is very speculative.

Holding Wal-Mart for the long term, though, is not a bad idea.
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