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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: Lee Lichterman III who wrote (21651)10/14/2001 11:57:27 PM
From: Cymeed  Read Replies (1) of 52237
 
Lee, the case of Wal Mart may be a special occassion. In the face of economic slow down, they are gaining market share. Sept 2001's same store sales rose 6.7% (the nation's business was essentially standing still in the week of Sept 11 !!!) and next year's retail space growth is expected to be 9%. Their super Wal Mart concept has been doing very well in attracting traffic to their store. No matter how deep the recession will go, people will have to eat and buy detergents. So it is widely expected that their EPS growth of near 15% can hold for next year and may even improve if economy picks up. I had the same thought of yours at end of Sept. That's why I went for long technology stocks and shorted retailers for hedging purpose. Boy, was I wrong.
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