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Non-Tech : walmart

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To: Leo Francis who wrote (17)6/18/1997 9:12:00 AM
From: Leo Francis   of 25
 
WMT is trading at +24 PE, while struggling to grow bottom line at 15%. They have
pretty much maxxed out market share in the U.S., and now are trying to expand
internationally, with no history of success in this endeavor for the ten years they have
tried. They also have consumers in debt to their eyeballs on all those Walmart credit
cards they have issued.

I beleive they are now trading at a 30%-40% premium over "fair" value, and see a
strong downturn coming.
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